Microsoft beats quarterly revenue estimates on cloud boost
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5 things to know before the stock market opens Wednesday : Rashtra News1. Stocks set to jump at open as Wall Street’s wild swings continue2. Fed expected to signal March rate hike, further policy tightening3. Boeing takes $3.5 billion charge; AT&T sees Covid-driven HBO Max boost4. Microsoft beats on earnings and revenue, delivers upbeat forecast5. Biden to host CEOs at the White House in person to promote stalled BBB
Bengaluru: Microsoft Corp beat Wall Street expectations for quarterly revenue on Tuesday, as demand soared for the software giant’s cloud-based services from businesses adopting hybrid work models.
The company’s revenue rose to $45.32 billion in the first quarter ended September 30, from $37.15 billion a year earlier. Analysts on average had expected revenue of about $43.97 billion, according to Refinitiv data.
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( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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