Will Microsoft's Cloud Computing Juice Its Earnings Results?
While Microsoft (NASDAQ: MSFT) is best known for its operating system and software products, the company's resurgence in recent years has been largely attributed to its successful foray into cloud computing. This success helped push Microsoft's market cap above $1 trillion in 2019 while driving its stock up by more than 55% last year, easily outpacing the 29% gains of the S&P 500.
The company's cloud computing segment will likely be in the limelight once again, and many market watchers expect the segment's sterling growth to continue when Microsoft reports the financial results of its fiscal 2020 second quarter after the market close on Wednesday, Jan. 29.
Image source: Microsoft.
Source Fool.com
