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“Back in 2015, I saw potential in Microsoft’s cloud strategy and invested when their stock was around $40,” says John Pennypacke, VP, Sales & Marketing at Deep Cognition. “Yes, that decision has paid off handsomely, with my investment growing over 600% since then. Microsoft’s pivot to cloud computing and its grip on the enterprise software market really drove this success.”
It’s no secret that Microsoft has been extremely profitable for investors recently. A significant part of that success has been due to its AI and cloud products. Its most recent quarterly earnings reported a profit of $12.51 billion, a 32% year-over-year (YoY) growth for the intelligent cloud unit.
By Sean Bryant.
Full story at Yahoo News.
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