Microsoft Corp. shares jumped 5% in after-hours trading Tuesday after the software giant reported better-then-expected profit and revenue and the Azure cloud-computing platform grew faster than analysts’ projections.
Microsoft MSFT reported fiscal third-quarter profit of $18.3 billion, or $2.45 a share, up from $2.22 a share a year ago. Revenue grew to $52.86 billion from $49.36 billion in the same quarter last year. Analysts on average were expecting earnings of $2.24 a share on sales of $51.02 billion, according to FactSet.
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