in its Azure Cloud division and talked up the potential it sees in artificial intelligence.
Meanwhile, Alphabet said its Google Cloud division generated a quarterly profit for the first time on record.companies have reported first-quarter results. Of those companies, 78% beat profit estimates by a median of 7%, while 71% beat revenue estimates by a median of 4%, according to data from Fundstrat.
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Microsoft stock pops as earnings beat, Azure growth holds up better than expectedMicrosoft reported fiscal third-quarter profit of $18.3 billion, or $2.45 a share, up from $2.22 a share a year ago. $MSFT jumped in after-hours trading Tuesday after the software giant reported better profit and revenue than expected:
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Microsoft stock zooms toward highest prices in a year after strong earnings, forecastMicrosoft shares headed toward $300 for the first time in more than year Tuesday, after the software giant reported better-then-expected profit and guidance.
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Activision stock plunges as U.K. regulator says it will 'prohibit' Microsoft mergerA U.K. regulator said it would block Microsoft's mega-deal for videogame publisher Activision Blizzard, citing potential competitive impacts in cloud gaming.
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