Cloud growth helps Microsoft beat Wall Street expectations
https://apnews.com/73f3d70709f31daa8a02a0de0c53eaa1
REDMOND, Wash. (AP) — Microsoft reported quarterly earnings Tuesday that beat Wall Street expectations, as it continued to weather the coronavirus pandemic amid increased demand for its flagship software and services.
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.
Cloud growth helps Microsoft beat Wall Street expectations
Oct 27, 2020, 10:22pm UTC
https://apnews.com/73f3d70709f31daa8a02a0de0c53eaa1
> REDMOND, Wash. (AP) — Microsoft reported quarterly earnings Tuesday that beat Wall Street expectations, as it continued to weather the coronavirus pandemic amid increased demand for its flagship software and services.
> 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.