Microsoft sales grow on cloud strength but shares fall 3 4% on heightened expectations theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Microsoft sales grow on cloud strength, shares dip on heightened valuation
By Stephen Nellis and Akanksha Rana
Reuters
(Reuters) - Microsoft Corp on Tuesday met analysts quarterly sales expectations and beat profit estimates, but its shares fell slightly as investors hoped for an even stronger performance after a year-long rally to a massive market valuation.
The Redmond, Washington company has become one of the world s most valuable companies, worth close to $2 trillion after its stock jumped 50% over the past year, by entering the booming market for cloud computing.
Microsoft has remained a household name during the pandemic through collaboration software as Teams. Sales have even boomed for its Windows operating system for PCs, which had waned for decades as smartphone have proliferated.
Microsoft sales grow on cloud strength, shares dip on heightened valuation netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Fire at French cloud services firm throws millions of websites offline
12 Mar 2021 This photo shows the Centre Pompidou in Paris. File/AFP Gulf Today Report
A fire at a French cloud services firm has disrupted millions of websites, knocking out government agencies’ portals, banks, shops, news websites and taking out a chunk of the .FR web space, according to internet monitors.
The fire, which broke out on Wednesday shortly after midnight at OVHcloud, destroyed one of four data centres in Strasbourg, in eastern France, and damaged another, the company said.
Several clients said their websites had gone offline or emails could not be accessed. There was no immediate news of any major data losses.
Wed, 10 Mar 2021 08:41 UTC
Fire destroys some servers at French data company OVHcloudA fire at a French cloud services firm has disrupted millions of websites,
knocking out government agencies portals, banks, shops, news websites and taking out a chunk of the .FR web space, according to internet monitors.
The fire, which
broke out on Wednesday shortly after midnight at OVHcloud, destroyed one of four data centres in Strasbourg, in eastern France, and damaged another, the company said.
There was no immediate explanation provided for the blaze, which
erupted just two days after the French cloud computing firm kicked off plans for an initial public offering.