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Microsoft, Intel Look to Cloud Sales as Earnings Season Begins

January 22, 2019 / Dina Bass

The fortunes of Intel Corp., Microsoft Corp. and other big sellers of technology for business were buoyed by the cloud last quarter.Industry earnings begin Tuesday when IBM releases results after the bell and multiple analysts expect corporate spending on information technology to rise slower in 2019 than in the past several years. Software companies and those tied to the global cloud-computing push are poised to grab the biggest slice of that spending. Results from Intel, Microsoft and Texas Instruments Inc. will follow International Business Machines Corp. over the next two weeks, providing a window into corporate America’s sentiments amid slower economic expansion, U.S.-China trade tensions and a partial shutdown of the U.S. government that’s depriving investors of some of the usual economic indicators and damping business activity.