comparemela.com

Latest Breaking News On - வணிகரீதியானது மேகம் - Page 1 : comparemela.com

Microsoft blows past earnings estimates on continuing strong cloud growth

Microsoft blows past earnings estimates on continuing strong cloud growth SHARE 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.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.