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Microsoft s quarterly sales grow on cloud business, shares fall slightly

Microsoft s quarterly sales grow on cloud business, shares fall slightly By grabbing market share in the booming market for cloud computing and expanding business services such as its Teams collaboration service and LinkedIn social network, Microsoft has become one of the world s most valuable companies, worth close to $2 trillion Reuters | April 28, 2021 | Updated 10:39 IST Microsoft Corp on Tuesday met analysts quarterly sales expectations and beat profit estimates, but its shares fell slightly reflecting some skepticism about one-off benefits included in the results and high hopes after a year-long rally. By grabbing market share in the booming market for cloud computing and expanding business services such as its Teams collaboration service and LinkedIn social network, the Redmond, Washington company has become one of the world s most valuable companies, worth close to $2 trillion after a 50% stock runup over the past year.

Microsoft sales grow on cloud strength

Updated: April 28, 2021 14:49 IST Booming sales in personal computers for working from home have also helped boost the company s Windows operating system business, Microsoft said Share Article AAA Microsoft s Azure cloud service is closing ground on market-share leader Amazon Web Services, and it is doubling down on productivity software used by businesses worldwide.   | Photo Credit: AFP Booming sales in personal computers for working from home have also helped boost the company s Windows operating system business, Microsoft said (Subscribe to our Today s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) Microsoft Corp on Tuesday met analysts quarterly sales expectations and beat profit estimates, but its shares fell slightly as investors hoped for an even stronger performance after a year-long rally to a massive market valuation.

Microsoft sales grow on cloud strength, but shares dip

Microsoft sales grow on cloud strength, but shares dip
gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.

Microsoft sales grow on cloud strength, shares fall on overblown expectations

Microsoft sales grow on cloud strength, shares fall on overblown expectations
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

Google s parent company and Microsoft beat quarterly revenue estimates

  Two of the world’s leading technology companies beat market expectations with their first quarter results. Google parent Alphabet Inc beat analysts’ estimates for quarterly revenue on Tuesday, as the internet’s biggest supplier of search and video ads benefited from a rebound in ad spending. Revenue rose to $55.31 billion (€46 billion) in the first quarter from $41.16 billion a year earlier. Analysts had expected revenue of $51.70 billion, according to IBES data from Refinitiv. The results are the first sign that Google services may hold on to gains in usage brought on by lockdowns and other pandemic restrictions that forced people to shop and communicate online over the last year.

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