Microsoft Corporation (NASDAQ:MSFT) - Microsoft Hits New All-Time High As Q2 Cloud, Azure Business Overshadow Xbox Release
Share: Microsoft Corporation (NASDAQ: MSFT) reported second-quarter earnings after the stock hit a new all-time high on Tuesday. What Happened: Revenue increased 17% year-over-year to $43.1 billion for Microsoft, beating street consensus estimates of $40.2 billion. Net income increased 33% year-over-year and earnings per share of $2.03 came in well ahead of Street consensus estimates of $1.64. The highlight for Microsoft in the quarter was the growth of the cloud-related businesses. Commercial cloud was up 34% year-over-year to $16.7 billion across all business segments. Intelligent Cloud rev...
Source: benzinga.com