Latest news with #MicrosoftCloud
Yahoo
9 hours ago
- Business
- Yahoo
Oracle Earnings Impress: Are Cloud Stocks a Buy?
The big banks will really kick the Q2 earnings cycle into a higher gear in a few weeks, but the reality is that earnings season is never 'over'. We've heard from several companies over recent weeks, whose results we'll include as part of the broader Q2 tally. Among the group that have already reported, Oracle ORCL saw a notably strong reaction thanks to its robust results, with shares seeing a strong move higher post-earnings. Up nearly 30% YTD, shares are now outperforming the S&P 500 following the print. Image Source: Zacks Investment Research Let's take a closer look at the release and a few other major cloud players, such as Microsoft MSFT and Amazon AMZN. Concerning headline expectations in the release, sales of $15.9 billion and adjusted EPS of $1.70 both cleared our consensus expectations, reflecting growth rates of 11% and 4.3%, respectively. Below is a chart illustrating the company's sales on a quarterly basis. Image Source: Zacks Investment Research Notably, its remaining performance obligations (RPOs) were up a strong 41% year-over-year, a reflection of the red-hot demand the company has been witnessing. CEO Safra Catz said – 'We expect our total cloud growth rate—applications plus infrastructure—will increase from 24% in FY25 to over 40% in FY26. Cloud Infrastructure growth rate is expected to increase from 50% in FY25 to over 70% in FY26. And RPO is likely to grow more than 100% in FY26. Oracle is well on its way to being not only the world's largest cloud application company — but also one of the world's largest cloud infrastructure companies.' The red-hot demand is also showing up in analysts' current year sales expectations, which have moved considerably higher following the release. As we can see, sales expectations were already trending higher for some time, with the recent commentary cementing the strong outlook. Image Source: Zacks Investment Research Microsoft shares have been strong in 2025 so far, up 14% compared to the S&P 500's 2% gain. Concerning headline figures in its latest release, EPS of $3.46 and sales of $70.0 billion both handily exceeded our consensus expectations, up 13% and 18%, respectively. The technology titan's sales growth continues to be mighty impressive, a common theme among the broader Mag 7 group overall. Image Source: Zacks Investment Research Strength in Microsoft Cloud and AI drove the results, with Microsoft Cloud revenue up 20% year-over-year to $42.4 billion. Demand has remained strong for the tech titan, with the trend expected to continue over the coming years. Importantly, its Intelligent Cloud (includes Azure) revenue totaled a strong $26.8 billion, up 21% from the year-ago period. Amazon's latest set of results also showed solid momentum within AWS, with sales of $29.3 billion in the segment up 17% year-over-year. The growth rates here have been a major focus, giving investors a gauge of whether sales have been decelerating or accelerating. Further, AMZN signed several new AWS deals with companies throughout the period, a list that includes Adobe, Uber, Nasdaq, Ericsson, Cisco, and more. Many businesses have clamored for AWS, and market participants should expect Amazon to ink many more deals in the coming months/years. Below is a chart illustrating AMZN's sales on a quarterly basis. Image Source: Zacks Investment Research Analysts have taken a bullish stance on AMZN's current fiscal year, with the current $6.17 Zacks Consensus EPS estimate up roughly 6% over the past year. The value reflects 12% growth YoY, continuing the titan's growth trajectory. Image Source: Zacks Investment Research Bottom Line Oracle's ORCL recent set of quarterly results, which we count in our broader Q2 tally, were notably strong, enjoying strong growth thanks to snowballing demand. The growth within its remaining performance obligations (RPOs) helps confirm the strong demand. Other major cloud players, including Amazon AMZN and Microsoft MSFT also enjoyed very healthy demand concerning their services throughout their latest periods, further confirming the broader cloud momentum. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Upturn
11 hours ago
- Business
- Business Upturn
Nerdio Surpasses $100 Million in Annual Recurring Revenue as Enterprises Shift to Microsoft Cloud
CHICAGO, June 20, 2025 (GLOBE NEWSWIRE) — Nerdio, the automated end-user computing (EUC) management platform transforming how organizations deploy and manage Microsoft Cloud technologies, today announced that it has surpassed $100 million in annual recurring revenue (ARR), reaching this mark in just over five years. The milestone underscores Nerdio's rapid ascent as enterprises seek easier, more cost-effective ways to manage Microsoft Azure, Windows 365, and Intune environments at scale. The achievement comes just months after Nerdio's $500 million Series C funding round, which propelled the company's valuation past $1 billion. 'Enterprises are quickly moving from legacy VDI to cloud-based solutions—but managing Microsoft Cloud technologies at scale isn't easy,' said Vadim Vladimirskiy, Co-Founder and CEO of Nerdio. 'That complexity has created a huge opportunity for Nerdio. By automating the hard parts of cloud management, we're helping IT teams cut costs, move faster, and do more with less.' Over the past year, Nerdio has added more than 400 new enterprise customers and now serves over 15,000 organizations across 50+ countries. Global brands, including Chevron, Kraft Heinz, Setfords, Sage, and more rely on Nerdio to manage and scale their Microsoft Cloud environments. Nerdio automates the deployment and management of Azure Virtual Desktop, Windows 365, and Intune—eliminating manual work like provisioning virtual machines, setting policies, and managing user access. Its robust automation engine also helps organizations right-size their cloud usage, optimize spend, and ensure policy compliance across environments. Nerdio's growing portfolio of AI capabilities is further transforming how IT teams manage Microsoft Cloud services. With AI-driven recommendations, proactive issue detection, and intelligent scripting support, Nerdio makes it easier to identify inefficiencies, resolve issues faster, and streamline operations without requiring deep Azure expertise. Achieving $100 million in ARR is just the latest of many major milestones for Nerdio. Over the past year, the company has: Raised $500 million in Series C funding and achieved unicorn status. Won the 2024 Microsoft Americas Partner of the Year award. Influenced more than $350 million of Microsoft revenue. Launched over 20 product releases while integrating AI into all its offerings. 'We built Nerdio to help enterprises scale efficiently—and we've followed that same playbook ourselves,' said Joseph Landes, Co-Founder and CRO. 'We've hit $100 million ARR in just over five years by staying focused on customer needs, Microsoft innovation, and capital-efficient growth.' About Nerdio Nerdio is a leading provider of powerful, simplified cloud management solutions for businesses of all sizes. Trusted by enterprise IT departments and managed service providers (MSPs) alike, Nerdio equips organizations with seamless, cost-effective management tools for Azure Virtual Desktop (AVD), Windows 365, and comprehensive Microsoft 365 management solutions. With thousands of customers worldwide, Nerdio accelerates cloud adoption, enabling companies to thrive in an era of hybrid work by providing modern, future-proof technology that adapts to evolving workplace needs. For more information, please visit Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Wire
21-05-2025
- Business
- Business Wire
Connection Achieves Full Suite of Microsoft Security Specializations
MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce that it has achieved Microsoft Security Specializations for proficiency in all four solution areas: Cloud Security, Identity and Access Management, Information and Protection Governance, and Threat Protection. Connection's attainment of all four Microsoft Security specializations is a testament to Connection's deep expertise and ongoing commitment to delivering comprehensive, end-to-end protection against evolving cyber threats. Microsoft Specializations are awarded based on the demonstrated ability to successfully deliver solutions built on Microsoft technology. Results are measured by performance, skilling, and customer success. Connection achieving all four Microsoft Security Specializations showcases the Company's ability to provide comprehensive security solutions that are aligned to Microsoft Cloud and help customers achieve their business goals. Dave Hall, General Manager, Technology Solutions and Services at Connection said, 'Attaining all four Microsoft Security Specializations reflects the significant investment Connection has made in our technical expertise, resources, and solution-building capabilities—and our commitment to helping customers integrate advanced security into every layer of their organizations. Combined with the team's customer-centric focus and deep portfolio of Microsoft Solutions Partner designations, this achievement enables our Technology Solutions and Services organization to deliver ingenuity, unparalleled support, and exceptional value at a time when the threat landscape demands it. Connection will continue to align with trusted partners and invest in our capabilities to help customers build innovative, effective security strategies to protect their users, devices, and critical data.' Tony Surma, CTO, Microsoft Americas Global Partner Solutions said, 'Connection's attainment of all four Microsoft Security specializations is a testament to Connection's deep expertise and ongoing commitment to delivering comprehensive, end-to-end protection against evolving cyber threats. This accomplishment reinforces Connection's position as a leading Microsoft Security partner and highlights our shared commitment to prioritize cybersecurity for every person and organization on the planet.' Connection is an AI Cloud Microsoft Solutions Partner with the following Microsoft Designations, Specializations, Expert Programs, and Capabilities: Designations Solutions Partner for Infrastructure (Azure) Solutions Partner for Data & AI (Azure) Solutions Partner for Digital & App Innovation (Azure) Solutions Partner for Modern Work Solutions Partner for Security Solutions Partner for Business Applications Specializations Cloud Security Identity and Access Management Information Protection and Governance Threat Protection Adoption and Change Management Modernize Endpoints Teamwork Deployment Expert Programs Azure Expert Managed Services Provider (MSP) Capabilities Microsoft Direct Cloud Services Partner Microsoft FastTrack Ready Partner Microsoft Marketplace Co-Sell Ready Microsoft Multi-Party Private Offer Selling Partner Microsoft Authorized Surface Provider Microsoft Authorized Education Partner Microsoft Delivery Service Partner Microsoft Open Value, Charity, and Academic Volume Licensing Programs with Service and Support for Microsoft Enterprise Agreements and Microsoft Products and Services Agreement About Connection PC Connection, Inc. and its subsidiaries, dba Connection, ( NASDAQ: CNXN) is a Fortune 1000 company headquartered in Merrimack, NH. With offices throughout the United States, Connection delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, OH. In addition, the Company has over 2,500 technical certifications to ensure that it can solve the most complex issues of its customers. Connection also services international customers through its GlobalServe subsidiary, a global IT procurement and service management company. Investors and media can find more information about Connection at Connection Business Solutions (800.800.5555) is a rapid-response provider of IT products and services serving primarily the small-and medium-sized business sector. It offers more than 460,000 brand-name products through its staff of technically trained sales account managers, publications, and its website at Connection Enterprise Solutions (561.237.3300), provides corporate technology buyers with best-in-class IT solutions, in-depth IT supply-chain expertise, and real-time access to over 460,000 products and 1,600 vendors through MarkITplace ®, a proprietary next-generation, cloud-based supply chain solution. The team's engineers, software licensing specialists, and subject matter experts help reduce the cost and complexity of buying hardware, software, and services throughout the entire IT lifecycle. Connection Public Sector Solutions (800.800.0019), is a rapid-response provider of IT products and services to federal, state, and local government agencies and educational institutions through specialized account managers, publications, and online at
Business Standard
15-05-2025
- Business
- Business Standard
HCL Technologies collaborates with Microsoft
To enable an AI-powered near-zero disruption approach to RISE with SAP S/4HANA migrations HCL Technologies (HCLTech) and Microsoft announced that they are collaborating to enable global enterprises to accelerate RISE with SAP S/4HANA migrations on the Microsoft Cloud through a transformative, AI-led, business-value-first approach. This collaboration brings together HCLTech's GenAI-led service transformation platform, AI Force, the Microsoft Cloud and AI Tools and Solutions and the HCLTech SAP Migration+ model. This will enable an AI-powered near-zero disruption approach to RISE with SAP S/4HANA migrations that significantly reduces transformation complexity, time and total cost of ownership. It will empower enterprises with a business-first transformation roadmapenabling them to quantify ROI, uncover AI-driven innovation opportunities and prioritize high-impact value creation. Together, HCLTech and Microsoft are addressing a critical market gap by offering: AI-led SAP assessments to help enterprises realize a compelling business outcome for RISE with S/4HANA adoption. A business-first transformation roadmap that enables clients to effectively prioritize ROI, uncover AI-infused innovation opportunities and focus on value creation. An AI-powered SAP Migration+ model that streamlines execution, minimizes risk and embeds intelligence into operations from day one.
India.com
15-05-2025
- Business
- India.com
Microsoft, world's most valuable company, is laying off employees in thousands due to…, reason will shock you
Microsoft is firing around 6,000 workers which is around 3% of its total staff. According to media reports, the reason behind layoffs is because the company wants to reduce expenses. However at the same time tech giants are spending a lot on artificial intelligence (AI). This is Microsoft's highest job cuts after last year, when it laid off 10,000 workers. Even in January, some staff were terminated due to low performance. According to a report by CNBC the current performance is not related to the performance. Many tech companies like Google and Microsoft are investing into AI and cutting jobs at the same time. A Microsoft spokesperson said, 'We continue to implement organisational changes necessary to best position the company for success in a dynamic marketplace.'' Microsoft had 228,000 employees till June last year. Google has also fired many employees earlier to cut costs. Microsoft's cloud platform Azure's performance was good but spent a lot on developing its AI systems. It also impacted on its profits. In Q4, Microsoft Cloud profit margins fell to 69% which is lesser than last year's 72%. The firm is also investing $80 billion mainly to build additional data centres for AI tools and services. 'We believe that every year Microsoft invests at the current levels, it would need to reduce headcount by at least 10,000 in order to make up for the higher depreciation levels due to their capital expenditures,' Luria told Reuters. (With inputs from Reuters)
