Microsoft - Cloud Beat Helps Microsoft Extend Rally
Microsoft Corp (NASDAQ:MSFT)'s revenue rose 2% on a reported basis to $52.7bn in the second quarter, which was lower than the 2.4% growth the market was expecting.
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Microsoft Corp (NASDAQ:MSFT)'s revenue rose 2% on a reported basis to $52.7bn in the second quarter, which was lower than the 2.4% growth the market was expecting.
Microsoft's flagship Azure cloud unit posted solid revenue growth, boosting the tech giant's Street-beating bottom line.
REDMOND (dpa-AFX) - Software giant Microsoft Corp. (MSFT) Tuesday reported second-quarter results, with earnings beating Wall Street estimates, reflecting growth in cloud business.Net income for
Microsoft is reporting results for the first time since announcing that it was cutting 10,000 jobs as it braces for slowing growth.
Despite some very positive earlier quarters, it looks like the Windows PC market is sharply returning to normal as Microsoft underestimates demand for newer Surface PCs and Windows licenses.