Microsoft came out with its earnings and beat the bottom line in terms of both highs and lows:
- EPS $2.94 versus estimate of $2.82
- Revenue of $61.869 vs. $60.82 billion estimate
Other details:
- productivity and business processes $19.57 billion versus estimated $19.54 billion
- intelligent cloud $26.7 billion versus $26.25 billion expected
- more personal computing $15.58 billion expected $15.07 billion expected
Microsoft shares are trading up $21 or 5.5% in after-hours trading.
This article was written by Greg Michalowski at www.forexlive.com.
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