The lgest publicly traded company today topped earnings estimates and reported record revenue thanks to owth in azure. It is clear that microsoft big investment i the cloud appears to be paying off. At least one analyst said the pace of growth at this scale is unprecedented. That helped lift the stock and initial afterhours trading tonigh john ford has more on microsofts quarter. One take away frommicrosoft earnings today is cloud momentum continues. The companys feet was grounded in azures strength. But not just that. Office and linked in also continue to be strong and ha particularly tt unit including office and linked in helped the profitability of microsoft. Just get Even Stronger than it had been in the past and thats why i trillion Dollar Company and still going on at the end of the fiscal year. For nightly Business Report john. Now to microsofts fellow component boeing. Late today the Aero Space Company said its going to take a nearly 5 billion charge for problems associated wit
Record sales for the most valuable company. And boeings billions, it is taking a 5 billion hit in the Second Quarter due to the worldwide grounding of what was its bestselling plane ever. And rate cut optimism. Stocks on track to open higher but on pace for worst week since may. Microsoft on track to open at a record high, market cap above a trillion dollars Quarterly Results beat expectations on cloud strength here is nadella on last nights Conference Call. Our commercial Cloud Business is the largest in the world, surpassing 38 billion in revenue for the year with growth margin expanding to 63 . Im proud of what we have accomplished over the last 12 months, and im energized by the tremendous opportunity ahead every day we work alongside our customers to help them build their own digital capability, creating new businesses with them, innovating with them and earning their trust. Cloud is a third of revenue and after at t they had quite the week. Yeah. I did something i never do i list
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