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Microsoft blows past earnings estimates on continuing strong cloud growth

Microsoft blows past earnings estimates on continuing strong cloud growth
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Microsoft Corp. continued its recent record of smashing earnings expectations with fiscal fourth-quarter results that handily beat analyst estimates on growth in its cloud business that has accelerated since last quarter.
The company reported sales of $46.2 billion today, up 21% from the same period last year. Profit surged 47%, to $2.17 a share, well ahead of analysts’ estimates of $1.90.
After initially declining about 2% when results were announced, Microsoft shares rallied and were up about 1.5% after-hours. The stock is up nearly 30% for the year, compared with about a 20% gain in the S&P 500. ....

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Software Business Driving US Jobs, GDP Growth

Software Business Driving US Jobs, GDP Growth
ecommercetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecommercetimes.com Daily Mail and Mail on Sunday newspapers.

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Software Business Driving US Jobs, GDP Growth

May 5, 2021 4:00 AM PT
The software industry fueled jobs and GDP growth in the United States in 2020, according to a report released Tuesday by an international software research organization.
The report by Software.org: the BSA Foundation found the software industry supported more than 15.8 million jobs in 2020, a 5.9 percent jump from 2018; and supported $US1.9 billion in total value-added GDP, a 17.1 percent increase over the previous two-year period.
More than 12.5 million of those jobs were outside the tech sector, added the report, which measures software s impact on the U.S. economy with data and analysis from The Economist Intelligence Unit.
It also noted that the industry directly contributed $933 billion to the U.S. economy in 2020, a 15.1 percent over 2018. ....

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Software Business Driving US Jobs, GDP Growth | IT

Software Business Driving US Jobs, GDP Growth | IT
technewsworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from technewsworld.com Daily Mail and Mail on Sunday newspapers.

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Cloud Is an Unstoppable Force: the Big Three Will Keep Winning

Digital transformation is in its "golden age" and the cloud will keep booming post-pandemic, experts say, benefitting Amazon, Microsoft, and Google. ....

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