Software giant Microsoft Corporation reported late Tuesday forecast-beating results for its fiscal-year third quarter, and the stock reacted with a move to the upside. The Microsoft Analyst Piper Sandler analyst Brent Bracelin reiterated an Overweight rating and $352 price target for Microsoft shares. The Microsoft Thesis Microsoft’s Cloud segment climbed 32 percent year-over-year to $23 billion in the March…
Why Microsoft’s Results Are Reminder ‘Cloud Software Eating the World’ Mantra Has Further Legs
A Major US Company Hacked by China Agrees to Help China
Commentary A little over a year ago, a global wave of cyberattacks and data breaches rocked the world. After successfully breaching Microsoft Exchange Servers, attackers gained full access to hundreds of thousands of emails, passwords, and sensitive files. A quarter of a million servers fell victim to the attacks, including at least 30,000 organizations in…
Microsoft Warns Azure Customers of Flaw That Could Have Permitted Hackers Access to Data
SAN FRANCISCO—Microsoft warned some of its Azure cloud computing customers that a flaw discovered by security researchers could have allowed hackers access to their data. In a blog post from its security response team, Microsoft said it had fixed the flaw reported by Palo Alto Networks and it had no evidence malicious hackers had abused…
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