Uptick driven by growth in cloud computing
Microsoft beat Wall Street’s estimates for third-quarter revenue on Tuesday, driven by growth in its cloud computing and Office productivity software businesses. Photograph: Alexander Koerner/Getty ImagesMicrosoft beat Wall Street’s estimates for third-quarter revenue on Tuesday, driven by growth in its cloud computing and Office productivity software businesses.
Shares of the Redmond, Washington-based company gained 4 per cent in aftermarket trading. The company has 3,500 employees in Ireland. The company’s revenue rose 7 per cent to $52.9 billion in the quarter ended March, inching past the average analyst estimate of $51.02 billion, according to Refinitiv. Microsoft said growth at its cloud business Azure was 27 per cent in the latest reported quarter. Analysts were expecting growth of 26.6 per cent according to the consensus from 23 analysts polled by Visible Alpha. – Reuters
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft agrees to stop bundling Teams with Office to avoid EU regulatory investigationTech giant makes concession in an attempt to avoid formal EU antitrust investigation and follows complaint by rival Slack
Read more »
State’s holding in AIB to fall to 53.4% after €215.3m share buybackAIB agrees with Minister for Finance to buy back €215.3 million worth of the Government’s shares in the bank, reducing its stake to 53.4 per cent
Read more »
Freedom of Safety: 3 unique people share how they found freedom to be themselvesIn our upcoming series in partnership with volvocars, we explore what safety means to those with challenging circumstances. sp Volvo safety freedom Irish
Read more »
LVMH becomes first European company to reach $500bn market valueFrench luxury group’s share price rises as sector continues to benefit from China rebound
Read more »
First Drive | Jeep AvengerStrange name, cute design and competitive price; will the Ora Funky Cat succeed? Blake Boland reviews.
Read more »
Spain exhumes fascist leader in drive to tackle legacy of civil warFalange party founder José Antonio Primo de Rivera was executed in 1936
Read more »