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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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Delayed Quote. Delayed Nasdaq - 11/27 01:00:00 pm
215.23 USD   +0.64%
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Microsoft : to build hub for cloud services in Greece

10/05/2020 | 12:59pm EST
Microsoft holds device-launching event in Barcelona ahead of the 2019 Mobile World Congress

ATHENS (Reuters) - Microsoft Corp. is to build a data centre hub in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.

Speaking at a virtual event in Athens on Monday, Microsoft President Brad Smith said the new hub would be beneficial to business, consumers and banks.

The size of the investment was not disclosed but government spokesman Stelios Petsas said that it would involve new infrastructure at a cost of 500 million euros and annual spending of 50 million euros in the coming years.

"There will be benefits for Greece given our commitment to training for thousands of people," Microsoft's Smith said through a translator.

He later tweeted that the investment will be Microsoft's biggest in Greece in its 28 years of operating in the country. "This reflects our optimism in Greece's future and economic recovery," he said.

Greek Prime Minister Kyriakos Mitsotakis said the data centre would bring long-term financial benefits of 1.0 billion euros ($1.17 billion) to Greece.

"Greece will become a world hub for cloud," Mitsotakis said, adding that the state-of-the-art centre would also upgrade the country as an investment destination.

He said the project will include a training program in digital skills for about 100,000 people.

($1 = 0.8519 euros)

(Reporting by George Georgiopoulos and Angeliki Koutantou; editing by Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
INTUIT INC. 1.08% 354.24 Delayed Quote.35.24%
MICROSOFT CORPORATION 0.64% 215.23 Delayed Quote.35.62%
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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 344 M - -
Net cash 2021 76 102 M - -
P/E ratio 2021 31,9x
Yield 2021 1,01%
Capitalization 1 627 B 1 627 B -
EV / Sales 2021 9,81x
EV / Sales 2022 8,76x
Nbr of Employees 163 000
Free-Float 99,9%
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Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Average target price 242,47 $
Last Close Price 215,23 $
Spread / Highest target 29,2%
Spread / Average Target 12,7%
Spread / Lowest Target -16,4%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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