Microsoft stock jumps 6% after topping estimates with $70.1B in revenue, $25.8B in profits

Microsoft stock jumps 6% after topping estimates with $70.1B in revenue, $25.8B in profits

Microsoft stock jumps 6% after topping estimates with $70.1B in revenue, $25.8B in profitsMicrosoft stock jumps 6% after topping estimates with $70.1B in revenue, $25.8B in profits

Microsoft on Wednesday reported $70.1 billion in revenue for the March quarter, up 13%, with earnings of $3.46/share, topping Wall Street’s expectations by both measures. Analysts expected revenue of $68.4 billion and earnings of $3.22 per share. Microsoft’s profits rose 18% to $25.8 billion. Shares of Microsoft were up more than 6% in after-hours trading. “Cloud and AI are the essential inputs for every business to expand output, reduce costs, and accelerate growth,” Microsoft CEO Satya Nadella said in a statement. “From AI infra and platforms to apps, we are innovating across the stack to deliver for our customers.” Nadella will speak... Read More

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