Microsoft Corp. shares pushed toward fresh record highs Wednesday afternoon, as the death of Windows 7 and continued growth in cloud computing pushed the company to an earnings beat.
Analysts and investors — who have sent Microsoft’s stock up 6.5% just since the calendar turned to 2020 — appeared to be expecting an earnings beat ahead of the numbers. Microsoft’s traditional personal-computer business reported revenue of $13.21 billion, up from $12.99 billion a year ago, ahead of the recent end of support for the Windows 7 operating system. Analysts on average were expecting $12.85 billion in PC revenue, according to FactSet.
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