Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

"Not your father's Microsoft" to be cloud provider for Halliburton E&P efforts

Published 08/22/2017, 12:25 PM
© Reuters.  "Not your father's Microsoft" to be cloud provider for Halliburton E&P efforts
DJI
-
MSFT
-
CSGN
-
HAL
-
PFE
-
HD
-
IBM
-
  • Microsoft (MSFT +1.2%) and Halliburton (HAL +0.5%) unveil plans for a strategic alliance the companies say will help drive digital transformation across the oil and gas industry, as MSFT's Azure cloud computing service will host HAL's iEnergy service for oil and gas exploration and production.
  • The collaboration 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.
  • In response, Credit Suisse (SIX:CSGN) analyst Michael Nemeroff reiterates an Outperform rating on MSFT, saying the company is "not your father's Microsoft anymore" as it moves away from its “legacy tools and cyclical PC business."
  • Now read: Dow 'Safer' Dividend Dogs Hound IBM (NYSE:IBM), Pfizer (NYSE:PFE), And Home Depot (NYSE:HD) Top Gainers Per August Broker Targets


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.