Microsoft Is Gaining Ground After Earnings
- 6 years ago
Microsoft was gaining ground ahead of Thursday's opening bell after reporting fiscal first-quarter results that topped Wall Street estimates but included a slowdown in revenue growth from its cloud-computing unit.
Shares were up more than 3% early Thursday after the tech giant said it earned $1.14 a share on revenue of $29.1 billion.
And while sales from its Azure cloud-computing unit grew 76% versus a year ago, that was a bit below the 89% pace experienced in the fourth quarter.
Shares were up more than 3% early Thursday after the tech giant said it earned $1.14 a share on revenue of $29.1 billion.
And while sales from its Azure cloud-computing unit grew 76% versus a year ago, that was a bit below the 89% pace experienced in the fourth quarter.