Microsoft beats expectations on Azure cloud growth, shares up more than 5%
FROM THE WIRE · FINANCE.YAHOO.COM
Microsoft beat analyst expectations for revenue and profits days after offering voluntary buyouts to over a quarter of its workforce (ANDREJ IVANOV) Microsoft shares popped more than five percent Wednesday afternoon after it reported better than expected revenue and profit…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA mega-cap beating revenue and profit estimates can move the tech sector and US indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Microsoft recorded 92.3 billion dollars in total revenue in the quarter.
- 02Analysts had expected around 90.6 billion dollars in revenue according to FactSet.
- 03Azure grew 48 percent in the September quarter.
- 04Days earlier the company offered voluntary buyouts to about 60,000 employees.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Microsoft Corporation531.01 USDMarket closedtoday -0.06%Positive Amazon.com, Inc.254.60 USDMarket closedtoday +0.59%Neutral Alphabet Inc.324.89 USDMarket closedtoday +1.34%Neutral Meta Platforms, Inc.612.49 USDMarket closedtoday -1.24%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets