The Latest Breaking News from Microsoft Corp

Microsoft Earned Price Target Bumps From Analysts Due To Azure Growth Despite Missing Q4 Due To Macro Headwinds

Analysts expressed optimism over Microsoft Corp (NASDAQ: MSFT) Azure following 

Benzinga · Jul 27, 2022

Analysts Remain Cautious Over SAP Post Q2 Results

Analysts remained divided with a cautious tone over SAP SE's (NYSE:SAP) prospects post Q2 results. Barclays analyst Raimo Lenschow saw SAP managing expectations into Q2, and the move lower in consensus halved the adj. EBIT miss.  He found the FY guidance cut was unexpected, though, especially following reiterations in the quarter, and could not…

Benzinga · Jul 22, 2022

Bill Gates donates $20 billion to his foundation

Microsoft Corp co-founder Bill Gates is donating $20 billion to the charitable foundation run by him and his ex-wife Melinda French Gates to boost its annual distributions.

Reuters · Jul 13, 2022

Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

Benzinga · Jun 30, 2022

Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Benzinga · Jun 30, 2022

Walmart Continues To Consolidate Metaverse Presence With Latest Acquisition Of Memomi

Walmart Inc (NYSE: WMT) agreed to acquire Memomi, an augmented reality (AR) optical tech company. The financial terms of the transaction remain undisclosed. Memomi is a leading technology provider for enhancing virtual optical try-on experiences, helping customers virtually "try on" eyewear in real-time for a seamless, easy, and fun omnichannel experience. Since 2019, Memomi…

Benzinga · Jun 29, 2022

Tencent Targets Metaverse After Overseas Opportunities, EV To Drive Growth

Tencent Holding Ltd (OTC:TCEHY) acknowledged setting up a unit focused on exploring the space to tap multiple opportunities in extended reality (XR) technologies in the next 4-5 years, Reuters reports. Gaming chief Steven Ma disclosed that Tencent had set up an XR business line to combine hardware and software, betting on most…

Benzinga · Jun 28, 2022

Investors Seek More Transparent Tax, Disclosure Norms From Microsoft and Cisco

Britain-based proxy advisers Pensions & Investment Research Consultants (PIRC) sought more transparent tax and financial information from Microsoft Corp (NASDAQ:MSFT) and Cisco Systems, Inc (NASDAQ:CSCO), Reuters reports. The resolution urged Microsoft to disclose financial and tax information country-by-country outside the U.S. to help investors assess its fairness and identify any risks posed by tax reforms. It also…

Benzinga · Jun 28, 2022

Chinese Analyst Provokes Country To Attack Elon Musk's Popular Starlink Satellite Service

In a paper published by the Beijing Institute of Tracking and Telecommunications Technology, a Chinese researcher urged the Chinese military to track and monitor every satellite in the Starlink network, Bloomberg reports. Tesla, Inc (NASDAQ:TSLA) chief Elon Musk’s satellite service provides internet access in over 30 countries. Ren Yuanzhen cited the pervasiveness, ability…

Benzinga · Jun 22, 2022

Meta, Microsoft, Alibaba, Others Form Metaverse Governing Body; Apple's Name Missing

Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), Alibaba Group Holding Limited (NYSE:BABA), and other tech giants striving to build the emerging metaverse concept have formed a group to foster the development of industry standards. The initiatives look to make the companies' nascent digital worlds compatible. The Metaverse Standards Forum includes leading companies working in the space, from…

Benzinga · Jun 22, 2022