Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Microsoft could be the biggest SaaS player, says FBR analyst

18/06/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmzcvmdcvmzu3l2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Microsoft could be the biggest SaaS (software as a service) player in the world in two years, according to FBR analyst Daniel Ives.

Ives said he was optimistic about the vision of Microsoft chief executive Satya Nadella (pictured) for SaaS product Office 365, and the company’s cloud computing and mobile strategies.

“It is really more about Office 365,” said Ives in an interview for the CNBC programme Fast Money, explaining why now is the right time to invest in Microsoft shares. “Everything we see on cloud really signifies a turnaround,” he said. “We could view a $4bn to $5bn revenue stream [for Microsoft].”

According to Ives, Microsoft Azure is “on the heels” of Amazon Web Services. “Office 365 penetration is tiny today,” he said. “But if it takes off from a cloud perspective, the company could start to grow in high single-digits and get away from the challenging PC market.”

This, combined with what Microsoft is doing in the mobile and tablet space, means “you finally feel like there’s a pilot on the plane after 10 years of pain”, said Ives. Nadella’s mobile strategy includes the decision to offer free Windows on some mobile devices.

“What he [Nadella] is starting to do on mobile, and the turnaround, we could see an incremental 40 cents to annual earnings, and that really gets us incrementally positive on the name,” said Ives.

Ives upgraded Microsoft’s status from “market perform” to “outperform”, which saw Microsoft stock trade up 1.5% in intra-day trading on the US stock market last week.

In February 2014, Microsoft’s board appointed Nadella as its third CEO. Nadella, born in India, was previously executive vice-president of Microsoft’s cloud and enterprise group and has been with the company 22 years.

This article has been extracted from http://www.computerweekly.com, please click on this link to read the article in full http://www.computerweekly.com/news/2240222124/Microsoft-could-be-the-biggest-SaaS-player-says-FBR-analyst-betting-on-Satya-Nadella

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdivmtuvmtyvntivmjuvnzkwl2n5ymvyigf0dgfja3muanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

UK threatened by serious cyber attacks every ...

2017-02-15 16:00:00 +0000

The security of the UK has been threatened by 188 serious cyber attacks in the last three months, a government security chief has said. National Cyber Security Centre (NCSC) Chief Executive Ciaran Martin told The Sunday Times that national security was put at risk by many of these attacks. Martin was speaking ahead of the official opening of the NCSC, which has been set up to protect critical services in the UK from such attacks and improve underlying i...

W1siziisijiwmtcvmdivmdgvmtavmzcvmzkvnjkyl0n5ymvyifnly3vyaxr5lmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

British cyber security workforce rises 163%

2017-02-08 10:00:00 +0000

Data from the UK has shown that the cyber security workforce has grown considerably over the past five years. According to a new report from cyber skills promotion network Tech Partnership, there are now 58,000 more workers in this industry – a rise of 163 per cent. It shows the growing importance of these professionals, with firms across a vast range of industries turning to cyber security specialists to safeguard their data. To collate the report, the...