|Microsoft No Longer a PC Company with Deals Like Halliburton, Says Credit Suisse|
Microsoft's "no longer your father's Microsoft," writes Michael Nemeroff Credit Suisse, citing deals such as today's win for Microsoft to be the cloud provider for Halliburton's oil and gas exploration and production efforts.
By Tiernan Ray
Aug. 22, 2017 12:10 p.m. ET
Shares of Microsoft ( MSFT) are up 88 cents, or 1.2%, at $73.03, after the company this morning announced a deal with oil and gas giant Halliburton ( HAL), in which Microsoft’s “Azure” cloud computing service will host the latter’s “iEnergy” service for exploration and production.
In response, Credit Suisse’s Michael Nemeroff reiterates an Outperform ratting on Microsoft shares, writing that the company is moving away from its “legacy tools and cyclical PC business."
Among details of the collaboration, Microsoft said it will "allow the companies to apply voice and image recognition, video processing and AR/Virtual Reality to create a digital representation of a physical asset using Microsoft’s HoloLens and Surface devices,” after gathering data from sensors placed on infrastructure.
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