Microsoft Corp. easily topped profit and revenue expectations for its latest quarter, though its shares were moving lower in after-hours trading.
Revenue for Microsoft MSFT, +1.70% climbed to $56.2 billion from $51.9 billion, whereas analysts had been expecting $55.5 billion. The company said revenue for Azure and other cloud services was up 26%, or 27% in constant currency. Microsoft’s forecast had been for 26% to 27% in constant-currency Azure sales growth, while the company posted 31% constant-currency growth on the metric in the March period. The FactSet consensus was for 27% growth in constant currency.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BTCTN - 🏆 531. / 51 Read more »