Microsoft shares are trading sharply higher in late investing Tuesday after the company posted greater-than-anticipated effects for its most current quarter. The upbeat benefits are a rare optimistic signal on IT paying out as tech earnings season moves into entire gear.
Importantly, Azure, the company’s cloud device, grew revenue 31% on a forex adjusted basis, at minimum a place better than most Wall Street estimates. The company’s principal cloud computing rivals—
Amazon
and
Alphabet
—are each trading better soon after several hours. (Alphabet also delivered a greater-than-expected quarterly report late Tuesday.)
Microsoft shares are trading sharply higher in late investing Tuesday after the company posted greater-than-anticipated effects for its most current quarter. The upbeat benefits are a rare optimistic signal on IT paying out as tech earnings season moves into entire gear.
Importantly, Azure, the company’s cloud device, grew revenue 31% on a forex adjusted basis, at minimum a place better than most Wall Street estimates. The company’s principal cloud computing rivals—
Amazon
and
Alphabet
—are each trading better soon after several hours. (Alphabet also delivered a greater-than-expected quarterly report late Tuesday.)
