announced earnings for the third quarter of its 2019 fiscal year on Wednesday, easily beating Wall Street estimates on the top and bottom lines.
The results made Microsoft the third-ever trillion dollar company in after-hours earning, following in the wake of Apple and Amazon.Microsoft's cloud just keeps growing, and Wall Street is eating it up. The 44-year-old tech titan boosted its revenue by 14% in the first three months of the year, sending its shares jumping up some 4% in after hours trading, bolstered by the continued rise of newer products like Microsoft Azure and Office 365.
The good news for Microsoft is that the company delivered: Its commercial cloud revenue, which includes products from across its business lines, accounted for $9.6 billion of revenue for the quarter, the company says. That's up 41% from the same period last year.
Source: News Formal (newsformal.com)
Uhh, forgot about the Dutch East India Company?
Shit... is it now safe to pirate Windows Vista ?
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