The growth in Microsoft’s Azure cloud computing service is one of the reasons why the tech giant’s shares have risen by nearly 50% in the last 12 months. Despite Microsoft Corp’s quarterly revenues beating Wall Street’s forecast, recent changes in U.S. tax law took a one-time bite of $13.8 billion from its earnings. Boosted by…
Gartner and SK Hynix have reported that demand for NAND memory chips are set to rise in 2018. South Korean memory giant, SK Hynix, has reported a record surge in its fourth quarter profits, easing market concerns of a decline in memory chips demand. With the news reaching the market, shares of SK Hynix rose…
The profit guideline, for the fourth quarter, by the Britain-based IT services firm beat analysts’ expectation despite being hurt by weaknesses in the domestic market because of Brexit. On Monday, Computacenter Plc, an IT services firm, stated that its adjusted pretax results are likely to beat analysts’ expectations. This latest raising of its earning guidance…
The roller-coaster ride that Toshiba is going through with its memory business, that is inextricably linked to its U.S. nuclear power business, could eventually result in the launch of an IPO for Toshiba Memory, if it fails to win regulatory approval for its sale to the Bain Capital0-led consortium before March 2018. On Monday, the…
This is the largest spending plan announced by any firm following the historic Republican-led revision of the U.S. tax bill. Following the successful passing of the U.S. tax bill which introduces deep tax cuts for corporates, Apple Inc stated it will open a new campus, as part of a five-year $30 billion U.S. investment plan,…
The cryptocurrency is making steady gains towards legitimacy, a move which is likely to draw attention of institutional investors. The bitcoin hit yet another milestone with the CME Group, the world’s largest derivatives exchange operator, launching trading in bitcoin futures. This step towards legitimacy is likely to attract large institutional investors towards it. Trading on…
While Elon Musk has traditionally managed to win over investors with his visions, winning over analysts promises to be a lot harder. Here’s why. In an interesting tun of events, Tesla Inc upstaged the debut of its own electric heavy duty truck by showcasing a brand new $200,000 red roaster sports car which Elon Musk,…
Analysts are expecting Samsung’s memory chip business to be its cash cow. On Tuesday, Samsung Electronics Co Ltd’s shares rose by 4.5% on analysts’ expectation that the world’s no. 1 memory chip maker will announce record profits for its memory chip business for the second quarter. Samsung’s shares marked their biggest intraday jump since October…
The iPhone X and the Apple Watch Series 3 could go a long way in bumping up Apple’s market capitalization to levels above $1 trillion – analysts. With Apple Inc unveiling its much-anticipated 10th anniversary device, the iPhone X is a marvel of glass and stainless steel and sports an edge-to-edge display that has been…
The inability to provide a stable economic, and deliver cohesive governance will have long term consequences for the current U.S. administration. Stock prices across the globe went south for a second day following an exodus of U.S. executives from Donald Trump’s business councils thus dealing a fresh blow to hopes of promised tax reforms. For…
business-gurus.com 