Microsoft Corp. looks to “nearly double” its budget for employee salary increases and boost the range of stock compensation for some workers by at least 25 percent, to retain staff and help people manage inflation, Bloomberg reports. Microsoft had 181,000 employees as of June 30, 2021. The move will primarily cater to “early to mid-career employees.”…
Microsoft to Boost Pay, Stock Compensation to Beat Inflation, Compete With Other Big Tech
Microsoft Subject to Dutch Penalties In Russia-Linked Bank Bankruptcy
A Dutch Court ordered Microsoft Corporation to allow bankruptcy trustees appointed to the Russia-linked Amsterdam Trade Bank to access its data or face damages, Bloomberg reports. Netherlands declared ATB, a lender linked to Russia’s Alfa Group, bankrupt after U.S. and U.K. sanctions paralyzed its payment systems. ATB had 23,000 private account holders and 6,000 customers in Germany. ATB, in which sanctioned billionaire…
AWS Still Leads Race, Google Grows Fastest: How Cloud Market Shaped Up in Q1
The worldwide cloud market grew at a robust clip in the first quarter, and the big three vendors dominated, according to a new report released by Canalys. Cloud Spending Maintains Red-Hot Pace First-quarter cloud infrastructure spending climbed 34 percent year-over-year and about 12 percent from the previous quarter to $55.9 billion, Canalys said. The top three…
Why Microsoft’s Results Are Reminder ‘Cloud Software Eating the World’ Mantra Has Further Legs
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…
Microsoft Forecasts Double-Digit Revenue Growth on Cloud Strength
By Tiyashi Datta and Jane Lanhee Lee (Reuters) -Microsoft Corp on Tuesday forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services, and its shares jumped about 4%. Microsoft forecast Intelligent Cloud revenue of $21.1 billion to $21.35 billion for its fiscal fourth quarter, driven by strong growth in…
Microsoft Analyst Warns Ahead of Quarterly Earnings: ‘There’s Little Margin for Error’
Microsoft Corporation is scheduled to report its fiscal-year third-quarter results after the market closes next Tuesday. Ahead of the event, an analyst at Piper Sandler sounded out downside risks but retained his bullish bias. Microsoft Analyst Brent Bracelin maintained an Overweight rating and $352 price target on Microsoft shares. Microsoft Thesis Durability of the Microsoft…
Here’s Why Analysts Remained Bullish on Microsoft Despite Price Target Cut
Two analysts remained bullish despite slashing their price targets on Microsoft Corp. Citigroup analyst Tyler Radke maintained Microsoft with a Buy and lowered the price target from $386 to $355. Amidst rising investor concerns around the sustainability of robust software demand and valuation multiples, Citi analyst Tyler Radke expects MSFT’s results to demonstrate that commercial demand remains strong. While…
Microsoft Says It Disrupted Attempted Hacks by Russian Spies
Microsoft Corp. said on Thursday it had disrupted hacking attempts by Russian military spies aimed at breaking into Ukrainian, European Union, and American targets. In a blog post, the tech firm said a group it nicknamed “Strontium” was using seven internet domains as part of an effort to spy on government bodies and think tanks…
How to Use the New Microsoft Calendar – Features You Never Knew Existed
Microsoft Calendar serves as a must-have resource that can help keep you on schedule. The application is frequently updated to provide new features. In addition, it can integrate with other programs for personal and business use. You can master these new features of Microsoft Calendar and take control of your time. First, let’s review the…
Microsoft Confirms System Hack by the Infamous Lapsus$: Bloomberg
Microsoft Corp. confirmed “limited access” by the hacker group Lapsus$ to its systems and shared its findings regarding the group, Bloomberg reports. Lapsus$ recently claimed of having stolen the source code for the Bing search engine and Cortana voice assistant. Microsoft found that Lapsus$ had compromised a single account, granting limited access. Microsoft’s cybersecurity response teams…
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