In pre-market trade the stock is up $9.78 nearly erasing yesterday's $10.50 (-3.74%) decline. $280.00 last.
From Seattle's own, GeekWire:
Microsoft posts nearly $50B in quarterly revenue, beats expectations due to cloud growth
Continued growth in Microsoft’s cloud business boosted its quarterly revenue to $49.4 billion, up 18%, with profits of $16.7 billion, up 8%, beating Wall Street’s expectations with earnings per share of $2.22.
Here are initial highlights from the company’s results for the three months ended March 31, the third quarter of the Redmond company’s 2022 fiscal year.
- Microsoft Cloud revenue reached $23.4 billion, up 32% year-over-year.
- Growth in the company’s Office business led to a 17% increase in revenue in Microsoft’s Productivity and Business Processes Division, to $15.8 billion.
....MUCH MORE
