Microsoft becomes a $1 trillion company after reporting earnings that blew away Wall Street estimates

announced earnings for the third quarter of its 2019 fiscal year on Wednesday, easily beating Wall Street estimates on the top and bottom lines.

The results made Microsoft the third-ever trillion dollar company in after-hours earning, following in the wake of Apple and Amazon.Microsoft's cloud just keeps growing, and Wall Street is eating it up. The 44-year-old tech titan boosted its revenue by 14% in the first three months of the year, sending its shares jumping up some 4% in after hours trading, bolstered by the continued rise of newer products like Microsoft Azure and Office 365.

The good news for Microsoft is that the company delivered: Its commercial cloud revenue, which includes products from across its business lines, accounted for $9.6 billion of revenue for the quarter, the company says. That's up 41% from the same period last year.

Uhh, forgot about the Dutch East India Company?

Shit... is it now safe to pirate Windows Vista ?

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Boeing's stock swings higher after Q1 results, which include $1 billion increased cost for 737 businessBoeing Co.'s commercial airplanes business suffered first-quarter declines in profit, revenue and margin in the wake of groundings of its 737 MAX planes... $BA is not a stock which could grow.. Beautiful! 'Boeing's stock has gained 4.4% over the past three months through Tuesday, while the Dow Jones Industrial AverageDJIA+0.55% has gained 8.6%...'
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Wirecard lands $1 billion investment from Japan's SoftbankJapan's Softbank Group Corp will buy a 5.6 percent stake in Wirecard for ar...
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »