Microsoft (MSFT) was up 0.37% on news of a new, more transparent reporting structure that breaks out the company’s commercial cloud business.
The new structure divides the company into three core operating segments; productivity and business processes, intelligent cloud and personal computing.
According to an analysis by investment bank FBR & Co., “we believe Microsoft’s laser-focus on software versus hardware with a massive product cycle leaves it well positioned to enter the ‘golden age’ of cloud computing with Windows 10 as a major potential catalyst.”
The announcement was a follow-on to a memo CEO Satya Nadella sent to employees in July.
The news comes ahead of Microsoft’s earnings, due out Oct. 22. The announcement was made on a conference call with analysts Monday.