NoobTrader9
2021-07-27
Nice
Microsoft Focuses Aggressively On Cloud Ahead Of Fiscal Q4 Earnings Report<blockquote>微软在第四季度财报发布之前积极关注云计算</blockquote>
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
5
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":809125941,"tweetId":"809125941","gmtCreate":1627353546183,"gmtModify":1633765798148,"author":{"id":4090231144855440,"idStr":"4090231144855440","authorId":4090231144855440,"authorIdStr":"4090231144855440","name":"NoobTrader9","avatar":"https://static.tigerbbs.com/1189e3845ff52d4631cf0acfddc9ae88","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Nice</p></body></html>","htmlText":"<html><head></head><body><p>Nice</p></body></html>","text":"Nice","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/809125941","repostId":2154645329,"repostType":4,"repost":{"id":"2154645329","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1627353226,"share":"https://www.laohu8.com/m/news/2154645329?lang=zh_CN&edition=full","pubTime":"2021-07-27 10:33","market":"us","language":"en","title":"Microsoft Focuses Aggressively On Cloud Ahead Of Fiscal Q4 Earnings Report<blockquote>微软在第四季度财报发布之前积极关注云计算</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2154645329","media":"Benzinga","summary":"Microsoft (NASDAQ: MSFT) shook the heavens of commerce and capital when it shattered the $2 trillion market cap barrier last month.","content":"<p><b>Microsoft </b>(NASDAQ:MSFT) shook the heavens of commerce and capital when it shattered the $2 trillion market cap barrier last month.</p><p><blockquote><b>微软</b>（纳斯达克股票代码：MSFT）上个月突破了2万亿美元的市值大关，震惊了商业和资本。</blockquote></p><p> The software giant is now <a href=\"https://laohu8.com/S/AONE.U\">one</a> of only two companies in the world—the other being<b> Apple</b> (NASDAQ:AAPL)—to boast a $2 trillion market cap, and one of only five companies across the globe, the other three being Saudi Aramco,<b> Amazon</b> (NASDAQ:AMZN), and <b>Alphabet</b> (NASDAQ:GOOG), to be part of the trillionaire club.</p><p><blockquote>这家软件巨头现在<a href=\"https://laohu8.com/S/AONE.U\">一</a>世界上只有两家公司——另一家是<b>苹果</b>（纳斯达克：AAPL）——拥有2万亿美元的市值，是全球仅有的五家公司之一，另外三家是沙特阿美公司，<b>亚马逊</b>（纳斯达克：AMZN），以及<b>Alphabet</b>（纳斯达克：GOOG），成为万亿富翁俱乐部的一员。</blockquote></p><p> Since CEO Satya Nadella took the helm in 2014, MSFT’s share price is up more than 600%. After reaching $500 billion in market cap in 2017, it took only two years to double to $1 trillion and then two more years to double again to $2 trillion. The next trillion, if we get there, is now only half the distance away.</p><p><blockquote>自2014年首席执行官萨蒂亚·纳德拉(Satya Nadella)掌舵以来，MSFT股价已上涨超过600%。在2017年市值达到5000亿美元后，仅用了两年时间就翻了一番，达到1万亿美元，然后又用了两年时间再次翻了一番，达到2万亿美元。下一个一万亿，如果我们到达那里，现在只有一半的距离。</blockquote></p><p> MSFT is expected to report fiscal Q4 earnings on Tuesday after markets close.</p><p><blockquote>MSFT预计将于周二收盘后公布第四财季收益。</blockquote></p><p> When you look at MSFT from a 40,000-foot view, it seems pretty clear that the company has reinvented itself several times since taking root in software. Now a multi-industry behemoth weaving itself across the entire digital domain from ground to digital sky, MSFT arguably has become virtually omnipresent.</p><p><blockquote>当你从40,000英尺的角度看MSFT时，似乎很明显，该公司自扎根软件以来已经多次重塑自我。现在，MSFT是一个横跨从地面到数字天空的整个数字领域的多行业巨头，可以说已经变得几乎无处不在。</blockquote></p><p> And its recent market-cap surge reflects the opportunities it saw and seized: investing in cloud computing, developing virtual chat and collaboration tech, expanding into the video game market, and satiating its large appetite for acquisitions.</p><p><blockquote>它最近的市值飙升反映了它看到并抓住的机会：投资云计算、开发虚拟聊天和协作技术、扩展到视频游戏市场以及满足其巨大的收购欲望。</blockquote></p><p> Before looking at some of the segments, it’s important to note that MSFT has beaten Wall Street’s consensus on earnings and revenue each of the last four quarters. Accelerating business IT spending could help bring another strong quarterly result this time around, analysts told Barron’s recently.</p><p><blockquote>在研究某些细分市场之前，需要注意的是，MSFT在过去四个季度的盈利和收入方面都超出了华尔街的共识。分析师最近告诉《巴伦周刊》，加速企业IT支出可能有助于带来另一个强劲的季度业绩。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://tickertapecdn.tdameritrade.com/assets/images/pages/md/microsoft-earnings.jpg\" tg-width=\"1822\" tg-height=\"951\" referrerpolicy=\"no-referrer\"><span>FIGURE 1: LIFTED BY THE CLOUD. Microsoft’s stock (MSFT—candlestick) has, for the most part, been in line with the Nasdaq-100 Index (NDX—purple line). The stock has been trending higher since Sept. 2020. Will MSFT’s trend continue when it releases its quarterly earnings? Data source: Nasdaq. Chart source: The thinkorswim® platform. For illustrative purposes only. Past performance does not guarantee future results.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：被云抬起。微软的股票（MSFT-烛台）在很大程度上与纳斯达克100指数（NDX-紫线）一致。自2020年9月以来，该股一直呈走高趋势。MSFT发布季度财报时，这一趋势会持续吗？数据来源：纳斯达克。图表来源：thinkorswim®平台。仅用于说明目的。过去的表现并不能保证未来的结果。</span></p></blockquote></p><p> <h2>Microsoft’s Cloud Stack May Emerge As Its Largest Business Segment</h2> Opening last quarter’s earnings conference call, CEO Nadella set the tone with his usual forecast in grand style: “Digital technology will be the foundation for resilience and growth over the next decade. We are innovating and building the cloud stack to accelerate the digital capability of every organization on the planet.”</p><p><blockquote><h2>微软的云堆栈或将成为其最大的业务板块</h2>在上个季度的财报电话会议上，首席执行官纳德拉以他一贯的豪言壮语定下了基调：“数字技术将成为未来十年弹性和增长的基础。我们正在创新和构建云堆栈，以加速数字能力地球上每个组织。”</blockquote></p><p> The cloud space is a narrow and highly contentious arena where you have only three major competitors. According to a report by Canalys, as of April 2021, AMZN’s AWS occupies the top spot with a 32% market share. MSFT’s Azure comes in at a close second with 19%. And GOOGL’s Google Cloud is third with a smaller yet rapidly expanding 7% share.</p><p><blockquote>云空间是一个狭窄且极具争议的领域，只有三个主要竞争对手。根据Canalys的报告，截至2021年4月，AMZN的AWS以32%的市场份额占据榜首。MSFT的Azure以19%的份额紧随其后。GOOGL的谷歌云排名第三，份额较小但迅速扩大，为7%。</blockquote></p><p> Still, growth in global cloud services may expand by a compound annual growth rate of 17.5% by 2025, according to third-party analysts. The difference in dollar terms would mean a whopping $832 billion market by then vs. $371.4 billion in 2020.</p><p><blockquote>尽管如此，据第三方分析师称，到2025年，全球云服务的增长可能会以17.5%的复合年增长率扩大。以美元计算的差异将意味着届时市场规模将达到8320亿美元，而2020年为3714亿美元。</blockquote></p><p> Last quarter, MSFT’s Intelligent Cloud segment, which includes Azure, raked in $15.12 billion in revenue—23% growth year over year and well above analysts’ estimates of $14.92 billion, according to FactSet.</p><p><blockquote>FactSet的数据显示，上个季度，MSFT的智能云部门（包括Azure）实现了151.2亿美元的收入，同比增长23%，远高于分析师预期的149.2亿美元。</blockquote></p><p> The company is pushing its cloud growth aggressively, as it has “more data center regions than any other provider,” according to Nadella, in addition to expanding into new regions across Asia and the US.</p><p><blockquote>纳德拉表示，该公司正在积极推动云增长，因为除了扩展到亚洲和美国的新地区外，它拥有“比任何其他提供商都多的数据中心区域”。</blockquote></p><p> Given the gap between MSFT’s current cloud position (19% global market share) and its ambitions to dominate every organizational cloud space “on the planet,” you might want to pay attention to its Intelligent Cloud results.</p><p><blockquote>鉴于MSFT目前的云地位（19%的全球市场份额）与其主导“地球上”每个组织云空间的雄心之间的差距，您可能需要关注其智能云结果。</blockquote></p><p> <h2>New Hybrid Work Environment Demands A New Model</h2> Let’s assume that the Covid Year of 2020 changed the way employees and companies value mobility versus the fixed cubicle. And with the pandemic seemingly behind us yet threatening an enhanced reprise, you’ve got to think many businesses might want the “productivity insurance” of a hybrid distance-collaboration platform. At least that’s what MSFT is probably hoping.</p><p><blockquote><h2>新的混合工作环境需要新的模式</h2>让我们假设2020年的Covid改变了员工和公司重视移动性而不是固定隔间的方式。随着疫情似乎已经过去，但威胁要加强重演，你不得不认为许多企业可能想要混合远程协作平台的“生产力保险”。至少这可能是MSFT所希望的。</blockquote></p><p> MSFT’s Teams platform could be a strong contender in this arena of distance collaboration. Its users nearly doubled year over year, according to Nadella, servicing 145 million active users a day. More importantly, with workers across the globe heading back to the office (literally), Nadella noted that Team usage expanded.</p><p><blockquote>MSFT的Teams平台可能是远程协作领域的有力竞争者。纳德拉表示，其用户同比几乎翻了一番，每天为1.45亿活跃用户提供服务。更重要的是，随着全球各地的员工返回办公室（字面上），纳德拉指出，团队使用范围扩大了。</blockquote></p><p></p><p> Teams is part of the company’s Productivity and Business Processes segment, which includes its legacy Office 365, Dynamics, and LinkedIn. Last quarter, it grew 15% year over year, delivering $13.55 billion in revenue, topping analyst estimates of $13.49 billion. Revenues were driven primarily by Office and LinkedIn.</p><p><blockquote>Teams是该公司生产力和业务流程部门的一部分，该部门包括其传统的Office 365、Dynamics和LinkedIn。上季度，该公司同比增长15%，实现收入135.5亿美元，超过分析师预期的134.9亿美元。收入主要由Office和LinkedIn推动。</blockquote></p><p> Each component within this segment is worth paying attention to as MSFT reports FY Q4 results. As with every business, each component may have its own unique sensitivities to the current pandemic-tinged workspace. Though economies have begun to recover, the fog of uncertainty hasn’t quite lifted yet.</p><p><blockquote>随着MSFT报告财年第四季度业绩，该细分市场中的每个组成部分都值得关注。与每个企业一样，每个组件可能对当前带有大流行色彩的工作空间都有自己独特的敏感性。尽管经济已经开始复苏，但不确定性的迷雾尚未完全消散。</blockquote></p><p> <h2>A Major Gaming Developer And Distributor</h2> Even if you don’t have kids, you’re probably aware that Minecraft has become a best-seller among gamers young and old. Its developer, Mojang, was just one of MSFT’s gaming acquisitions, making the company a viable contender in the market of gaming consoles, game development, and game distribution.</p><p><blockquote><h2>主要游戏开发商及分销商</h2>即使你没有孩子，你也可能知道《我的世界》已经成为老少游戏玩家中的畅销书。其开发商Mojang只是MSFT的游戏收购之一，使该公司成为游戏机、游戏开发和游戏发行市场的可行竞争者。</blockquote></p><p> Last quarter, the company acquired ZeniMax Media, which developed “20 of the world’s most iconic and beloved games accessible via Game Pass,” Nadella said, promising “more to come.” MSFT’s Xbox hardware revenue grew 232% year over year, according to CFO Amy Hood. And Xbox content revenue, including the ZeniMax Media acquisition, grew 34% in the same period.</p><p><blockquote>纳德拉表示，上个季度，该公司收购了ZeniMax Media，该公司开发了“20款世界上最具标志性和最受欢迎的游戏，可通过Game Pass访问”，并承诺“还会有更多游戏”。MSFT首席财务官Amy Hood表示，MSFT的Xbox硬件收入同比增长232%。包括收购ZeniMax Media在内的Xbox内容收入同期增长了34%。</blockquote></p><p> Maybe investors will get a better sense of what “more to come” might mean when MSFT reports Tuesday.</p><p><blockquote>也许当MSFT周二发布报告时，投资者会更好地理解“更多未来”可能意味着什么。</blockquote></p><p> <h2>From Next-Gen Legacy Applications To Next-Gen Markets</h2> The secret sauce behind MSFT’s rejuvenation and expansion is arguably Nadella’s vision to infuse “legacy” services with next-gen applications (like Azure) while making forays into next-gen markets like its HoloLens augmented reality headset (currently being tested by the US military and soon to be developed for commercial use).</p><p><blockquote><h2>从下一代传统应用到下一代市场</h2>MSFT复兴和扩张背后的秘密可以说是纳德拉的愿景，即将“传统”服务注入下一代应用程序（如Azure），同时进军下一代市场，如其HoloLens增强现实耳机（目前正在接受美国军方的测试，很快将被开发用于商业用途）。</blockquote></p><p> What this could tell us is that the company may not be at risk of falling behind a curve that it’s actively disrupting and displacing.</p><p><blockquote>这可以告诉我们，该公司可能不会面临落后于它正在积极破坏和取代的曲线的风险。</blockquote></p><p> Last quarter, MSFT topped analyst estimates (according to Refinitiv), delivering $1.95 adjusted earnings per share versus $1.78 expected; and generating $41.71 billion in revenue above consensus estimates of $41.03 billion.</p><p><blockquote>上个季度，MSFT超出了分析师的预期（根据Refinitiv的数据），调整后每股收益为1.95美元，而预期为1.78美元；收入为417.1亿美元，高于市场普遍预期的410.3亿美元。</blockquote></p><p> Looking ahead to the results due Tuesday, CFO Amy Hood forecast between $13.8 and $14.05 billion in revenue for the Productivity and Business Processes segment; $16.20 and $16.45 billion for Intelligent Cloud; and between $13.6 billion and $14 billion for MSFT’s Personal Computing segment.</p><p><blockquote>展望周二公布的业绩，首席财务官艾米·胡德(Amy Hood)预测生产力和业务流程部门的收入将在13.8至140.5亿美元之间；智能云分别为16.20美元和164.5亿美元；MSFT个人计算部门的收入在136亿美元至140亿美元之间。</blockquote></p><p> That amounts to revenue guidance of $43.6 billion to $44.5 billion for fiscal Q4, currently above Refinitiv-polled analyst estimates of $42.98 billion.</p><p><blockquote>这相当于第四财季的收入指引为436亿美元至445亿美元，目前高于Refinitiv调查的分析师预期的429.8亿美元。</blockquote></p><p> <h2>Microsoft Earnings And Options Activity</h2> MSFT is expected to report <b>adjusted EPS of $1.92</b>, up from $1.46 in the prior-year quarter, according to third-party consensus analyst estimates. <b>Revenue is projected at $44.1 billion</b>, up 16% from a year ago.</p><p><blockquote><h2>微软盈利和期权活动</h2>MSFT预计将报告<b>调整后每股收益为1.92美元</b>根据第三方分析师的一致估计，高于去年同期的1.46美元。<b>收入预计为441亿美元</b>，同比增长16%。</blockquote></p><p> Options traders have priced in an expected share price move of 1.5% in either direction around the earnings release. The implied volatility sits at the 16th percentile as of Monday morning.</p><p><blockquote>期权交易员预计财报发布前后股价将双向波动1.5%。截至周一上午，隐含波动率位于第16百分位。</blockquote></p><p> Looking at the July 30 options expiration, call activity is spread out with higher activity at the 297.50 and 300 strikes while puts have been active at the 272.5 strike.</p><p><blockquote>从7月30日期权到期日来看，看涨期权活动分散，在297.50和300行使价时活动较高，而看跌期权在272.5行使价时活跃。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Focuses Aggressively On Cloud Ahead Of Fiscal Q4 Earnings Report<blockquote>微软在第四季度财报发布之前积极关注云计算</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Focuses Aggressively On Cloud Ahead Of Fiscal Q4 Earnings Report<blockquote>微软在第四季度财报发布之前积极关注云计算</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-07-27 10:33</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Microsoft </b>(NASDAQ:MSFT) shook the heavens of commerce and capital when it shattered the $2 trillion market cap barrier last month.</p><p><blockquote><b>微软</b>（纳斯达克股票代码：MSFT）上个月突破了2万亿美元的市值大关，震惊了商业和资本。</blockquote></p><p> The software giant is now <a href=\"https://laohu8.com/S/AONE.U\">one</a> of only two companies in the world—the other being<b> Apple</b> (NASDAQ:AAPL)—to boast a $2 trillion market cap, and one of only five companies across the globe, the other three being Saudi Aramco,<b> Amazon</b> (NASDAQ:AMZN), and <b>Alphabet</b> (NASDAQ:GOOG), to be part of the trillionaire club.</p><p><blockquote>这家软件巨头现在<a href=\"https://laohu8.com/S/AONE.U\">一</a>世界上只有两家公司——另一家是<b>苹果</b>（纳斯达克：AAPL）——拥有2万亿美元的市值，是全球仅有的五家公司之一，另外三家是沙特阿美公司，<b>亚马逊</b>（纳斯达克：AMZN），以及<b>Alphabet</b>（纳斯达克：GOOG），成为万亿富翁俱乐部的一员。</blockquote></p><p> Since CEO Satya Nadella took the helm in 2014, MSFT’s share price is up more than 600%. After reaching $500 billion in market cap in 2017, it took only two years to double to $1 trillion and then two more years to double again to $2 trillion. The next trillion, if we get there, is now only half the distance away.</p><p><blockquote>自2014年首席执行官萨蒂亚·纳德拉(Satya Nadella)掌舵以来，MSFT股价已上涨超过600%。在2017年市值达到5000亿美元后，仅用了两年时间就翻了一番，达到1万亿美元，然后又用了两年时间再次翻了一番，达到2万亿美元。下一个一万亿，如果我们到达那里，现在只有一半的距离。</blockquote></p><p> MSFT is expected to report fiscal Q4 earnings on Tuesday after markets close.</p><p><blockquote>MSFT预计将于周二收盘后公布第四财季收益。</blockquote></p><p> When you look at MSFT from a 40,000-foot view, it seems pretty clear that the company has reinvented itself several times since taking root in software. Now a multi-industry behemoth weaving itself across the entire digital domain from ground to digital sky, MSFT arguably has become virtually omnipresent.</p><p><blockquote>当你从40,000英尺的角度看MSFT时，似乎很明显，该公司自扎根软件以来已经多次重塑自我。现在，MSFT是一个横跨从地面到数字天空的整个数字领域的多行业巨头，可以说已经变得几乎无处不在。</blockquote></p><p> And its recent market-cap surge reflects the opportunities it saw and seized: investing in cloud computing, developing virtual chat and collaboration tech, expanding into the video game market, and satiating its large appetite for acquisitions.</p><p><blockquote>它最近的市值飙升反映了它看到并抓住的机会：投资云计算、开发虚拟聊天和协作技术、扩展到视频游戏市场以及满足其巨大的收购欲望。</blockquote></p><p> Before looking at some of the segments, it’s important to note that MSFT has beaten Wall Street’s consensus on earnings and revenue each of the last four quarters. Accelerating business IT spending could help bring another strong quarterly result this time around, analysts told Barron’s recently.</p><p><blockquote>在研究某些细分市场之前，需要注意的是，MSFT在过去四个季度的盈利和收入方面都超出了华尔街的共识。分析师最近告诉《巴伦周刊》，加速企业IT支出可能有助于带来另一个强劲的季度业绩。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://tickertapecdn.tdameritrade.com/assets/images/pages/md/microsoft-earnings.jpg\" tg-width=\"1822\" tg-height=\"951\" referrerpolicy=\"no-referrer\"><span>FIGURE 1: LIFTED BY THE CLOUD. Microsoft’s stock (MSFT—candlestick) has, for the most part, been in line with the Nasdaq-100 Index (NDX—purple line). The stock has been trending higher since Sept. 2020. Will MSFT’s trend continue when it releases its quarterly earnings? Data source: Nasdaq. Chart source: The thinkorswim® platform. For illustrative purposes only. Past performance does not guarantee future results.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：被云抬起。微软的股票（MSFT-烛台）在很大程度上与纳斯达克100指数（NDX-紫线）一致。自2020年9月以来，该股一直呈走高趋势。MSFT发布季度财报时，这一趋势会持续吗？数据来源：纳斯达克。图表来源：thinkorswim®平台。仅用于说明目的。过去的表现并不能保证未来的结果。</span></p></blockquote></p><p> <h2>Microsoft’s Cloud Stack May Emerge As Its Largest Business Segment</h2> Opening last quarter’s earnings conference call, CEO Nadella set the tone with his usual forecast in grand style: “Digital technology will be the foundation for resilience and growth over the next decade. We are innovating and building the cloud stack to accelerate the digital capability of every organization on the planet.”</p><p><blockquote><h2>微软的云堆栈或将成为其最大的业务板块</h2>在上个季度的财报电话会议上，首席执行官纳德拉以他一贯的豪言壮语定下了基调：“数字技术将成为未来十年弹性和增长的基础。我们正在创新和构建云堆栈，以加速数字能力地球上每个组织。”</blockquote></p><p> The cloud space is a narrow and highly contentious arena where you have only three major competitors. According to a report by Canalys, as of April 2021, AMZN’s AWS occupies the top spot with a 32% market share. MSFT’s Azure comes in at a close second with 19%. And GOOGL’s Google Cloud is third with a smaller yet rapidly expanding 7% share.</p><p><blockquote>云空间是一个狭窄且极具争议的领域，只有三个主要竞争对手。根据Canalys的报告，截至2021年4月，AMZN的AWS以32%的市场份额占据榜首。MSFT的Azure以19%的份额紧随其后。GOOGL的谷歌云排名第三，份额较小但迅速扩大，为7%。</blockquote></p><p> Still, growth in global cloud services may expand by a compound annual growth rate of 17.5% by 2025, according to third-party analysts. The difference in dollar terms would mean a whopping $832 billion market by then vs. $371.4 billion in 2020.</p><p><blockquote>尽管如此，据第三方分析师称，到2025年，全球云服务的增长可能会以17.5%的复合年增长率扩大。以美元计算的差异将意味着届时市场规模将达到8320亿美元，而2020年为3714亿美元。</blockquote></p><p> Last quarter, MSFT’s Intelligent Cloud segment, which includes Azure, raked in $15.12 billion in revenue—23% growth year over year and well above analysts’ estimates of $14.92 billion, according to FactSet.</p><p><blockquote>FactSet的数据显示，上个季度，MSFT的智能云部门（包括Azure）实现了151.2亿美元的收入，同比增长23%，远高于分析师预期的149.2亿美元。</blockquote></p><p> The company is pushing its cloud growth aggressively, as it has “more data center regions than any other provider,” according to Nadella, in addition to expanding into new regions across Asia and the US.</p><p><blockquote>纳德拉表示，该公司正在积极推动云增长，因为除了扩展到亚洲和美国的新地区外，它拥有“比任何其他提供商都多的数据中心区域”。</blockquote></p><p> Given the gap between MSFT’s current cloud position (19% global market share) and its ambitions to dominate every organizational cloud space “on the planet,” you might want to pay attention to its Intelligent Cloud results.</p><p><blockquote>鉴于MSFT目前的云地位（19%的全球市场份额）与其主导“地球上”每个组织云空间的雄心之间的差距，您可能需要关注其智能云结果。</blockquote></p><p> <h2>New Hybrid Work Environment Demands A New Model</h2> Let’s assume that the Covid Year of 2020 changed the way employees and companies value mobility versus the fixed cubicle. And with the pandemic seemingly behind us yet threatening an enhanced reprise, you’ve got to think many businesses might want the “productivity insurance” of a hybrid distance-collaboration platform. At least that’s what MSFT is probably hoping.</p><p><blockquote><h2>新的混合工作环境需要新的模式</h2>让我们假设2020年的Covid改变了员工和公司重视移动性而不是固定隔间的方式。随着疫情似乎已经过去，但威胁要加强重演，你不得不认为许多企业可能想要混合远程协作平台的“生产力保险”。至少这可能是MSFT所希望的。</blockquote></p><p> MSFT’s Teams platform could be a strong contender in this arena of distance collaboration. Its users nearly doubled year over year, according to Nadella, servicing 145 million active users a day. More importantly, with workers across the globe heading back to the office (literally), Nadella noted that Team usage expanded.</p><p><blockquote>MSFT的Teams平台可能是远程协作领域的有力竞争者。纳德拉表示，其用户同比几乎翻了一番，每天为1.45亿活跃用户提供服务。更重要的是，随着全球各地的员工返回办公室（字面上），纳德拉指出，团队使用范围扩大了。</blockquote></p><p></p><p> Teams is part of the company’s Productivity and Business Processes segment, which includes its legacy Office 365, Dynamics, and LinkedIn. Last quarter, it grew 15% year over year, delivering $13.55 billion in revenue, topping analyst estimates of $13.49 billion. Revenues were driven primarily by Office and LinkedIn.</p><p><blockquote>Teams是该公司生产力和业务流程部门的一部分，该部门包括其传统的Office 365、Dynamics和LinkedIn。上季度，该公司同比增长15%，实现收入135.5亿美元，超过分析师预期的134.9亿美元。收入主要由Office和LinkedIn推动。</blockquote></p><p> Each component within this segment is worth paying attention to as MSFT reports FY Q4 results. As with every business, each component may have its own unique sensitivities to the current pandemic-tinged workspace. Though economies have begun to recover, the fog of uncertainty hasn’t quite lifted yet.</p><p><blockquote>随着MSFT报告财年第四季度业绩，该细分市场中的每个组成部分都值得关注。与每个企业一样，每个组件可能对当前带有大流行色彩的工作空间都有自己独特的敏感性。尽管经济已经开始复苏，但不确定性的迷雾尚未完全消散。</blockquote></p><p> <h2>A Major Gaming Developer And Distributor</h2> Even if you don’t have kids, you’re probably aware that Minecraft has become a best-seller among gamers young and old. Its developer, Mojang, was just one of MSFT’s gaming acquisitions, making the company a viable contender in the market of gaming consoles, game development, and game distribution.</p><p><blockquote><h2>主要游戏开发商及分销商</h2>即使你没有孩子，你也可能知道《我的世界》已经成为老少游戏玩家中的畅销书。其开发商Mojang只是MSFT的游戏收购之一，使该公司成为游戏机、游戏开发和游戏发行市场的可行竞争者。</blockquote></p><p> Last quarter, the company acquired ZeniMax Media, which developed “20 of the world’s most iconic and beloved games accessible via Game Pass,” Nadella said, promising “more to come.” MSFT’s Xbox hardware revenue grew 232% year over year, according to CFO Amy Hood. And Xbox content revenue, including the ZeniMax Media acquisition, grew 34% in the same period.</p><p><blockquote>纳德拉表示，上个季度，该公司收购了ZeniMax Media，该公司开发了“20款世界上最具标志性和最受欢迎的游戏，可通过Game Pass访问”，并承诺“还会有更多游戏”。MSFT首席财务官Amy Hood表示，MSFT的Xbox硬件收入同比增长232%。包括收购ZeniMax Media在内的Xbox内容收入同期增长了34%。</blockquote></p><p> Maybe investors will get a better sense of what “more to come” might mean when MSFT reports Tuesday.</p><p><blockquote>也许当MSFT周二发布报告时，投资者会更好地理解“更多未来”可能意味着什么。</blockquote></p><p> <h2>From Next-Gen Legacy Applications To Next-Gen Markets</h2> The secret sauce behind MSFT’s rejuvenation and expansion is arguably Nadella’s vision to infuse “legacy” services with next-gen applications (like Azure) while making forays into next-gen markets like its HoloLens augmented reality headset (currently being tested by the US military and soon to be developed for commercial use).</p><p><blockquote><h2>从下一代传统应用到下一代市场</h2>MSFT复兴和扩张背后的秘密可以说是纳德拉的愿景，即将“传统”服务注入下一代应用程序（如Azure），同时进军下一代市场，如其HoloLens增强现实耳机（目前正在接受美国军方的测试，很快将被开发用于商业用途）。</blockquote></p><p> What this could tell us is that the company may not be at risk of falling behind a curve that it’s actively disrupting and displacing.</p><p><blockquote>这可以告诉我们，该公司可能不会面临落后于它正在积极破坏和取代的曲线的风险。</blockquote></p><p> Last quarter, MSFT topped analyst estimates (according to Refinitiv), delivering $1.95 adjusted earnings per share versus $1.78 expected; and generating $41.71 billion in revenue above consensus estimates of $41.03 billion.</p><p><blockquote>上个季度，MSFT超出了分析师的预期（根据Refinitiv的数据），调整后每股收益为1.95美元，而预期为1.78美元；收入为417.1亿美元，高于市场普遍预期的410.3亿美元。</blockquote></p><p> Looking ahead to the results due Tuesday, CFO Amy Hood forecast between $13.8 and $14.05 billion in revenue for the Productivity and Business Processes segment; $16.20 and $16.45 billion for Intelligent Cloud; and between $13.6 billion and $14 billion for MSFT’s Personal Computing segment.</p><p><blockquote>展望周二公布的业绩，首席财务官艾米·胡德(Amy Hood)预测生产力和业务流程部门的收入将在13.8至140.5亿美元之间；智能云分别为16.20美元和164.5亿美元；MSFT个人计算部门的收入在136亿美元至140亿美元之间。</blockquote></p><p> That amounts to revenue guidance of $43.6 billion to $44.5 billion for fiscal Q4, currently above Refinitiv-polled analyst estimates of $42.98 billion.</p><p><blockquote>这相当于第四财季的收入指引为436亿美元至445亿美元，目前高于Refinitiv调查的分析师预期的429.8亿美元。</blockquote></p><p> <h2>Microsoft Earnings And Options Activity</h2> MSFT is expected to report <b>adjusted EPS of $1.92</b>, up from $1.46 in the prior-year quarter, according to third-party consensus analyst estimates. <b>Revenue is projected at $44.1 billion</b>, up 16% from a year ago.</p><p><blockquote><h2>微软盈利和期权活动</h2>MSFT预计将报告<b>调整后每股收益为1.92美元</b>根据第三方分析师的一致估计，高于去年同期的1.46美元。<b>收入预计为441亿美元</b>，同比增长16%。</blockquote></p><p> Options traders have priced in an expected share price move of 1.5% in either direction around the earnings release. The implied volatility sits at the 16th percentile as of Monday morning.</p><p><blockquote>期权交易员预计财报发布前后股价将双向波动1.5%。截至周一上午，隐含波动率位于第16百分位。</blockquote></p><p> Looking at the July 30 options expiration, call activity is spread out with higher activity at the 297.50 and 300 strikes while puts have been active at the 272.5 strike.</p><p><blockquote>从7月30日期权到期日来看，看涨期权活动分散，在297.50和300行使价时活动较高，而看跌期权在272.5行使价时活跃。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊","GOOG":"谷歌","AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154645329","content_text":"Microsoft (NASDAQ:MSFT) shook the heavens of commerce and capital when it shattered the $2 trillion market cap barrier last month.\nThe software giant is now one of only two companies in the world—the other being Apple (NASDAQ:AAPL)—to boast a $2 trillion market cap, and one of only five companies across the globe, the other three being Saudi Aramco, Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOG), to be part of the trillionaire club.\nSince CEO Satya Nadella took the helm in 2014, MSFT’s share price is up more than 600%. After reaching $500 billion in market cap in 2017, it took only two years to double to $1 trillion and then two more years to double again to $2 trillion. The next trillion, if we get there, is now only half the distance away.\nMSFT is expected to report fiscal Q4 earnings on Tuesday after markets close.\nWhen you look at MSFT from a 40,000-foot view, it seems pretty clear that the company has reinvented itself several times since taking root in software. Now a multi-industry behemoth weaving itself across the entire digital domain from ground to digital sky, MSFT arguably has become virtually omnipresent.\nAnd its recent market-cap surge reflects the opportunities it saw and seized: investing in cloud computing, developing virtual chat and collaboration tech, expanding into the video game market, and satiating its large appetite for acquisitions.\nBefore looking at some of the segments, it’s important to note that MSFT has beaten Wall Street’s consensus on earnings and revenue each of the last four quarters. Accelerating business IT spending could help bring another strong quarterly result this time around, analysts told Barron’s recently.\nFIGURE 1: LIFTED BY THE CLOUD. Microsoft’s stock (MSFT—candlestick) has, for the most part, been in line with the Nasdaq-100 Index (NDX—purple line). The stock has been trending higher since Sept. 2020. Will MSFT’s trend continue when it releases its quarterly earnings? Data source: Nasdaq. Chart source: The thinkorswim® platform. For illustrative purposes only. Past performance does not guarantee future results.\nMicrosoft’s Cloud Stack May Emerge As Its Largest Business Segment\nOpening last quarter’s earnings conference call, CEO Nadella set the tone with his usual forecast in grand style: “Digital technology will be the foundation for resilience and growth over the next decade. We are innovating and building the cloud stack to accelerate the digital capability of every organization on the planet.”\nThe cloud space is a narrow and highly contentious arena where you have only three major competitors. According to a report by Canalys, as of April 2021, AMZN’s AWS occupies the top spot with a 32% market share. MSFT’s Azure comes in at a close second with 19%. And GOOGL’s Google Cloud is third with a smaller yet rapidly expanding 7% share.\nStill, growth in global cloud services may expand by a compound annual growth rate of 17.5% by 2025, according to third-party analysts. The difference in dollar terms would mean a whopping $832 billion market by then vs. $371.4 billion in 2020.\nLast quarter, MSFT’s Intelligent Cloud segment, which includes Azure, raked in $15.12 billion in revenue—23% growth year over year and well above analysts’ estimates of $14.92 billion, according to FactSet.\nThe company is pushing its cloud growth aggressively, as it has “more data center regions than any other provider,” according to Nadella, in addition to expanding into new regions across Asia and the US.\nGiven the gap between MSFT’s current cloud position (19% global market share) and its ambitions to dominate every organizational cloud space “on the planet,” you might want to pay attention to its Intelligent Cloud results.\nNew Hybrid Work Environment Demands A New Model\nLet’s assume that the Covid Year of 2020 changed the way employees and companies value mobility versus the fixed cubicle. And with the pandemic seemingly behind us yet threatening an enhanced reprise, you’ve got to think many businesses might want the “productivity insurance” of a hybrid distance-collaboration platform. At least that’s what MSFT is probably hoping.\nMSFT’s Teams platform could be a strong contender in this arena of distance collaboration. Its users nearly doubled year over year, according to Nadella, servicing 145 million active users a day. More importantly, with workers across the globe heading back to the office (literally), Nadella noted that Team usage expanded.\nTeams is part of the company’s Productivity and Business Processes segment, which includes its legacy Office 365, Dynamics, and LinkedIn. Last quarter, it grew 15% year over year, delivering $13.55 billion in revenue, topping analyst estimates of $13.49 billion. Revenues were driven primarily by Office and LinkedIn.\nEach component within this segment is worth paying attention to as MSFT reports FY Q4 results. As with every business, each component may have its own unique sensitivities to the current pandemic-tinged workspace. Though economies have begun to recover, the fog of uncertainty hasn’t quite lifted yet.\nA Major Gaming Developer And Distributor\nEven if you don’t have kids, you’re probably aware that Minecraft has become a best-seller among gamers young and old. Its developer, Mojang, was just one of MSFT’s gaming acquisitions, making the company a viable contender in the market of gaming consoles, game development, and game distribution.\nLast quarter, the company acquired ZeniMax Media, which developed “20 of the world’s most iconic and beloved games accessible via Game Pass,” Nadella said, promising “more to come.” MSFT’s Xbox hardware revenue grew 232% year over year, according to CFO Amy Hood. And Xbox content revenue, including the ZeniMax Media acquisition, grew 34% in the same period.\nMaybe investors will get a better sense of what “more to come” might mean when MSFT reports Tuesday.\nFrom Next-Gen Legacy Applications To Next-Gen Markets\nThe secret sauce behind MSFT’s rejuvenation and expansion is arguably Nadella’s vision to infuse “legacy” services with next-gen applications (like Azure) while making forays into next-gen markets like its HoloLens augmented reality headset (currently being tested by the US military and soon to be developed for commercial use).\nWhat this could tell us is that the company may not be at risk of falling behind a curve that it’s actively disrupting and displacing.\nLast quarter, MSFT topped analyst estimates (according to Refinitiv), delivering $1.95 adjusted earnings per share versus $1.78 expected; and generating $41.71 billion in revenue above consensus estimates of $41.03 billion.\nLooking ahead to the results due Tuesday, CFO Amy Hood forecast between $13.8 and $14.05 billion in revenue for the Productivity and Business Processes segment; $16.20 and $16.45 billion for Intelligent Cloud; and between $13.6 billion and $14 billion for MSFT’s Personal Computing segment.\nThat amounts to revenue guidance of $43.6 billion to $44.5 billion for fiscal Q4, currently above Refinitiv-polled analyst estimates of $42.98 billion.\nMicrosoft Earnings And Options Activity\nMSFT is expected to report adjusted EPS of $1.92, up from $1.46 in the prior-year quarter, according to third-party consensus analyst estimates. Revenue is projected at $44.1 billion, up 16% from a year ago.\nOptions traders have priced in an expected share price move of 1.5% in either direction around the earnings release. The implied volatility sits at the 16th percentile as of Monday morning.\nLooking at the July 30 options expiration, call activity is spread out with higher activity at the 297.50 and 300 strikes while puts have been active at the 272.5 strike.","news_type":1,"symbols_score_info":{"MSFT":0.9,"GOOG":0.9,"AAPL":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":752,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/809125941"}
精彩评论