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Microsoft Adjusted Revenue, Profit Beat Street; Shares Hit Record Level

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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The logo of Microsoft is pictured in Issy-les-Moulineaux(Reuters) - Microsoft Corp reported adjusted revenue and profit that blew past analysts' estimates on Thursday, as soaring sales from its cloud business pushed the technology giant's shares to an all-time high. Microsoft's shares rose 5.8 percent to $60.59 in after-hours trading. The Redmond, Washington-based company said revenue from its flagship cloud product Azure, which businesses can use to host their websites, apps or data, rose 116 percent. ...




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