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RBC: Microsoft's Cloud Segment Is Crushing It

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RBC: Microsoft's Cloud Segment Is Crushing ItPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Microsoft (NASDAQ: MSFT) may still lag Amazon.com in the cloud computing market in terms of overall revenue, but the Azure segment continues to boom thanks to the tech company's superior ability to cater to enterprise customers with other cloud-based services like Office 365. RBC Capital analyst Alex Zukin yesterday assumed coverage of Microsoft with an outperform rating and boosted the firm's price target from $153 to $160.

Here's what investors need to know.

Microsoft's cloud computing business has flourished under CEO Satya Nadella. Image source: Microsoft.

Source Fool.com

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