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CLOUD GROWTH HELPS MICROSOFT BEAT WALL STREET EXPECTATIONS
Techlife News
|Techlife News #470
Microsoft reported quarterly earnings this week that beat Wall Street expectations, as it continued to weather the coronavirus pandemic amid increased demand for its flagship software and services.
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The company reported fiscal first-quarter profit of $13.9 billion, or $1.82 per share, beating Wall Street expectations of $1.54 a share. Microsoft posted revenue of $37.2 billion in the July-September period, up 12% from last year. Analysts had been looking for revenue of $35.8 billion, according to FactSet.
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