Credit Suisse increases forecast for Microsoft

Monday, 13. January 2020 15:55

Credit Suisse said Microsoft's commercial cloud revenue will "easily" amount to $100 billion in the fiscal 2024, a note to investors showed on Monday and added that 2020 will be "strong" for the giant.

Furthermore, Credit Suisse research showed that chief information officers favor Azure to other cloud services, according to CNBC.

Microsoft shares were up 0.25% at 9:52 am ET and the company was among the best trading stock on the Down Jones Industrial Average.

Related Links: Microsoft Corp.Credit Suisse Group
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Breaking the News / VP