MSCI partners with Microsoft to incorporate cloud and AI technologies

Joanna Estrada
September 29, 2020

For the current fiscal quarter, Microsoft expects $35.61 billion in revenue, which is around 8% growth. Using Microsoft's cloud and artificial intelligence (AI) solutions alongside MSCI's investment decision support tools, the partnership will help investors manage data and better understand risk and performance drivers. Microsoft does not disclose Azure earnings in bucks, but did say its industrial cloud company surpassed $50 billion in profits for the fiscal 12 months.

However, the company's stock - one of a clutch of high-flying tech stocks that pushed Microsoft's market cap well over $1 trillion - fell by almost 3% in after-hours trading.

Earnings per share: $1.46 vs. $1.36 expected.

Revenue: $11.2 billion, down 15%.

When the enterprise defeat on lots of of its most important metrics for the fourth quarter, it did notably pass up anticipations on the important enterprise device that consists of Office environment 365 cloud productiveness suite and its Microsoft Teams communications application.

Executives will explore the fiscal fourth-quarter outcomes on a conference call with analysts beginning at 5:30 p.m. A decrease in transactional licensing by SMBs of Office business products contributed to a decline in Office commercial products of 34% in Q4.

Though the pandemic has produced difficulties for several corporations, which include the lesser partners Microsoft depends on to sell its software program and companies, the change to remote get the job done has been a thought of strengthen to the in general firm, as customers transform to items like the Microsoft Groups chat app and the Microsoft Azure cloud.

Office Consumer revenue rose 6%, also due to subscription growth, and the number of total Office 365 subscribers rose 23% to 42.7 million.

Intelligent Cloud: Revenue rose 17% to $13.37 billion.

Initially, the companies will focus on migrating MSCI's existing products, data and services onto Azure as its preferred cloud platform in stages, starting with its index and analytics solutions followed by its environmental, social and governance (ESG) products and ratings; real estate data and solutions; and risk analytics platform Beon. Revenue for Azure still came in 47-percent higher for Microsoft's fiscal Q4, year-over-year. "Server products revenue was relatively unchanged, with growth in hybrid and premium solutions, offset by a slowdown in transactional licensing".

Revenue meanwhile rose 13 percent to $38 billion, led by strong gains in its cloud computing and its Xbox gaming operations.

Microsoft (MSFT) reported quarterly earnings on Wednesday that exceeded Wall Street's expectations, as the still-raging coronavirus outbreak proved no match for the tech giant's booming cloud computing business.

Revenue was $143.0 billion, an increase of 14% year-over-year. The company said the increased in Xbox content and services revenue was "primarily due to record engagement, including strength from third-party titles, as stay-at-home guidelines continued".

Other reports by Click Lancashire

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