Microsoft shares recovered an earlier decline after the software giant gave a forecast that reassured investors the company’s Azure cloud-computing business still has the potential to drive growth.
Microsoft shares dropped about 4.7 per cent in extended trading following the report. While the stock jumped 51 per cent in 2021, it has fallen 14 per cent this year amid a rout in large technology stocks. Overall revenue in the quarter climbed 20 per cent to $US51.7 billion, a slight easing from the 22 per cent gain posted in the first quarter.
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Microsoft’s slowing cloud growth casts shadow on strong reportAzure sales growth of 46 per cent fell short of the rosiest estimates of analysts and investors. Microsoft shares fell in late trading.
Source: FinancialReview - 🏆 2. / 90 Read more »
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Source: SkyNewsAust - 🏆 7. / 78 Read more »
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Source: abcnews - 🏆 5. / 83 Read more »
Rio Tinto’s big copper win lifts one dark cloudOPINION: Rio Tinto CEO Jakob Stausholm deserves credit for getting the tortured Oyu Tolgoi copper mine project in Mongolia back on track. Would love to know the real story of how the Mongolians were ‘persuaded’…..
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Source: smh - 🏆 6. / 80 Read more »
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Source: smh - 🏆 6. / 80 Read more »