قالب وردپرس درنا توس
Home / Technology / Microsoft closes 2018 as the top public company

Microsoft closes 2018 as the top public company



Microsoft has had a strong year. It continued its efforts to exceed analysts' earnings and revenue estimates with each of its earnings reports.

June's acquisition of GitHub, the third most expensive in its 43-year history, behind LinkedIn and Skype, has been well received.

"The reason for acquiring the asset is appealing, in our opinion," wrote Piper Jaffray analysts led by Alex Zukin in a September note. "Microsoft shares developer brain and portfolio share is crucial. Microsoft believes developers will have an external voice at the table at the age of digital transformation, and that was the main reason for the acquisition. Second, the company also believes they can drive GitHub up revenue generation. "

Meanwhile, gaming became a $ 1

0 billion business for Microsoft for the first time. The LinkedIn business doubled and now generates more than $ 5 billion in annual sales. Surface commodity revenues are approaching the $ 5 billion mark. And the Azure public cloud continued to gain, picking up new business from the likes of Gap and Walmart. In the third quarter, Microsoft achieved more share than Amazon, IBM, Google or Alibaba in the cloud infrastructure services market, according to the Synergy Research Group.

"After a year of strong relative performance …, we believe Microsoft remains well positioned to continue delivering stable top line and bottom line growth over the next 3-5 years, given the breadth of its ski portfolio, growing annuity revenue base and the strong balance. "Evercore ISI analysts led by Kirk Materne wrote in a memorandum earlier this month.

Some analysts now expect Microsoft to be worth more than $ 1 trillion before the end of 2019.

WATCH: Technicians say Microsoft could be the new king of tech


Source link