Friendly reminder: Less than a year ago Steve Balmer himself called Microsoft's cloud numbers "bullshit"
http://www.computerworld.com/article/3011662/cloud-computing...
Microsoft Shares Soar to Record on Earnings Boost From Cloud
51–60 of 159 posts
Re: Microsoft Shares Soar to Record on Earnings Boost From Cloud
#52>The shares surged as much as 5.6 percent to a record $60.45. The last time Microsoft was trading near that level was in 1999. Using share price is suboptimal because the number of shares outstanding has decreased significantly since 1999. Better to use market cap (which is share price times the number of shares outstanding). (According to wikipedia) Microsoft reached a market cap of $618.9 billion in December 1999,…
Yeah, but 1999 was a mother-of-a-bubble.
Re: Microsoft Shares Soar to Record on Earnings Boost From Cloud
#53>The shares surged as much as 5.6 percent to a record $60.45. The last time Microsoft was trading near that level was in 1999. Using share price is suboptimal because the number of shares outstanding has decreased significantly since 1999. Better to use market cap (which is share price times the number of shares outstanding). (According to wikipedia) Microsoft reached a market cap of $618.9 billion in December 1999,…
You understand though that if MSFT had 100B USD in cash and spent it all in stock repurchase, then, in theory, its stock price wouldn't move but its market cap would go down by 100B. The market cap is not a perfect indicator of the value of a business either.
If we start to nitpick, why not calculate share price in real dollar terms (take inflation into account), adjust for the average P/E ratio of US stocks, adjust for dividends etc...
That quote is just trivia.
Re: Microsoft Shares Soar to Record on Earnings Boost From Cloud
#54Earlier quoted context omitted.
My experience with Azure thus far has been not so great. Everything mostly works but the portal is just so painfully slow and difficult to coax along. Kind of doubt they will see the sort of exciting growth that AWS has seen, so yeah looking at accounting details would be key here.
Portal is one of the interfaces for Azure resources management. I'd highly suggest you to take a look at PowerShell CLI and Azure Node.js CLI.
Seriously? The portal is bad so use a CLI?
I don't want to have to look up the commands every time I want to run a thing I do once a month, quarter or year. I just want to click a button that doesn't take 20 fucking seconds to load and isn't buried amongst a ton of useless menu items.
The joke in our office is that the Azure team gave the portal interface to the interns to do. It's a UI that's poorly thought out, poorly programmed and massively unresponsive.
It's so obviously been conceived of by a programmer who is inappropriately obsessed with their "innovative" modular design.
But a CLI? Certain types of people with amazing memories like CLIs, but please don't inflict them on the rest of us. They're shit. AWS's portal is good enough, but Azure's is rubbish.
Re: Microsoft Shares Soar to Record on Earnings Boost From Cloud
#55Even as a longtime Apple fan and inveterate Microsoft-hater, I have to hand it to Satya Nadella and Microsoft as a whole. Their success is deserved. I work with basically the full range of Microsoft products in my job and what I see is that everything has improved lately. Windows is better, Office is better, their cloud offerings are better, and even the Surface is better. Now, if they would only improve the licensin…
I was with you until the "windows is better part" Windows 10 has been the worst desktop experience I have ever encountered. From day 1 I have had driver issues, forced updates, no matter how I configure the time zone resets to GMT (which is great because it uses 3am as a time to restart and force installing updates). To say nothing if the awful UI. I had none of these issues with Ubuntu and I paid Microsoft for this…
Ah, to be young.
Bad Desktops: Windows Vista, Windows 8, Windows ME, Windows 3.1, O/S 2 Warp
Good Desktops: Windows 95, Windows XP, Windows 7, Windows NT
Re: Microsoft Shares Soar to Record on Earnings Boost From Cloud
#56>The shares surged as much as 5.6 percent to a record $60.45. The last time Microsoft was trading near that level was in 1999. Using share price is suboptimal because the number of shares outstanding has decreased significantly since 1999. Better to use market cap (which is share price times the number of shares outstanding). (According to wikipedia) Microsoft reached a market cap of $618.9 billion in December 1999,…
You understand though that if MSFT had 100B USD in cash and spent it all in stock repurchase, then, in theory, its stock price wouldn't move but its market cap would go down by 100B. The market cap is not a perfect indicator of the value of a business either. If we start to nitpick, why not calculate share price in real dollar terms (take inflation into account), adjust for the average P/E ratio of US stocks, adjust…
Your assumption is completely and absolutely wrong. Not just wrong, but actually the opposite of the traditional reality -- market cap usually doesn't even consider cash and short term equity reserves for traditional companies, so you end up with companies that have more book value than market value. Which is exactly why these companies buy back shares -- a smaller circulation benefits their shareholders more than money sitting in an account on the company books.
Re: Microsoft Shares Soar to Record on Earnings Boost From Cloud
#57>The shares surged as much as 5.6 percent to a record $60.45. The last time Microsoft was trading near that level was in 1999. Using share price is suboptimal because the number of shares outstanding has decreased significantly since 1999. Better to use market cap (which is share price times the number of shares outstanding). (According to wikipedia) Microsoft reached a market cap of $618.9 billion in December 1999,…
You understand though that if MSFT had 100B USD in cash and spent it all in stock repurchase, then, in theory, its stock price wouldn't move but its market cap would go down by 100B. The market cap is not a perfect indicator of the value of a business either. If we start to nitpick, why not calculate share price in real dollar terms (take inflation into account), adjust for the average P/E ratio of US stocks, adjust…
> if MSFT had 100B USD in cash and spent it all in stock repurchase, then, in theory, its stock price wouldn't move but its market cap would go down by 100B
? In the process of buying shares back, the market capitalization would increase due to the increase in share price. The share price would absolutely move. This is why companies have stock buy-backs, in order to pump up the share price.
The 'buyback ratio' is the amount spent on buybacks in the past 12 months as a percentage of the company’s market capitalization, and is often used as a means to flag companies that are acting in a manner such as this.
The market capitalization is just share$ * # of shares. Did you mean book value? The book value of a company would reduce if you burned 100B in share repurchases, but even then I don't think it would be so simple, as that 100B in shares would now be listed as assets to the company and could be used as remuneration for the employees, among other things.
Re: Microsoft Shares Soar to Record on Earnings Boost From Cloud
#58Earlier quoted context omitted.
Where can you get a 10% annual return perpetuity? Lending and borrowing rates are closely tied together since they're literally just two sides of the same market. Global long term rates have been slowly trending lower for the last few years.
http://www.investopedia.com/ask/answers/042415/what-average-... Over a long period of time that is what the market has returned. It is not guaranteed.One year it might be down 50% one year it might be 50%, but if you look at 30years S&P has returned about 7.5%. 10% is a just a round number makes math easier. You can plug in a different number my point its hard to get to 450 billion.
The S&P only had 500 companies starting in 1957 using that as the start date you get: 6.170%.
S&P has returned ~6.5% over the long term in inflation adjusted returns. However, the trend has been lower returns over time and inflation is currently very low. https://dqydj.com/sp-500-return-calculator/ (You can look at the methodology, but they project further into the past.)
6.736% : 1871 to now
6.525% : 1900 to now
6.281% : 1930 to now
5.977% : 1960 to now
7.446% : 1990 to now
2.352% : 2000 to now
Re: Microsoft Shares Soar to Record on Earnings Boost From Cloud
#59>The shares surged as much as 5.6 percent to a record $60.45. The last time Microsoft was trading near that level was in 1999. Using share price is suboptimal because the number of shares outstanding has decreased significantly since 1999. Better to use market cap (which is share price times the number of shares outstanding). (According to wikipedia) Microsoft reached a market cap of $618.9 billion in December 1999,…
You understand though that if MSFT had 100B USD in cash and spent it all in stock repurchase, then, in theory, its stock price wouldn't move but its market cap would go down by 100B. The market cap is not a perfect indicator of the value of a business either. If we start to nitpick, why not calculate share price in real dollar terms (take inflation into account), adjust for the average P/E ratio of US stocks, adjust…
Well said. How do you think it should be valued?
Re: Microsoft Shares Soar to Record on Earnings Boost From Cloud
#60Earlier quoted context omitted.
Only service I have really seen being used is O365 emails. Rest of the Azure is not really being used by most of our customer. They are still dipping their toes in water so yeah it look like smoke and mirrors. At least in my anecdotal experience. Edit: I don't have an issue with down votes but seems like some people are angry. I just shared my experience.Can Microsoft show what is the revenue growth in absolute terms…
IMO, Enterprise adoption of Azure is growing specially enterprises that rely on Microsoft stack exclusively. In last quarter, I personally suggested to few friends at Microsoft stack dependent companies to migrate to Azure instead of mucking around with colo hardware, VMware, VM management, licensing etc. for external facing services. It is a change for me. Previously I used to suggest moving to Linux/open source sta…
> IMO, Enterprise adoption of Azure is growing specially enterprises that rely on Microsoft stack exclusively.
Sure it is, I have no doubts about it's growing use. But that use is still in nascent stage so when Microsoft is reporting a sudden increase in cloud revenue is actually nothing but smart manipulation of ELA terms.
In reality Enterprise Customer aren't cloud ready . Simply running on premises virtual machines into cloud does not result in any benefits. Enterprise customers are not yet there to realize the cloud benefits like on-demand compute, containerization, resource right sizing. Though Windows 2016 might tip that balance.