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MarketWatch First Take: Microsoft shows it deserves place among tech giants [MarketWatch]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Company Research Source: MarketWatch
Microsoft shows it deserves place among tech giants Microsoft Corp. became even more deserving of its $800 billion-plus valuation Thursday by showing strong growth and projections for more, but the 43-year-old software giant can’t rest now if it wants to maintain its seat at the table with other tech giants. Microsoft MSFT, -0.68% reported fiscal fourth-quarter earnings that surpassed Wall Street’s expectations Thursday, and surpassed the $100 billion annual revenue mark for the first time, topping $110 billion to boot. At an age when growth is hard to come by for most tech companies, Microsoft reported double-digit revenue growth across all its businesses except for Office consumer products, which was up 8%. The star again was its Azure cloud business, continuing its tear with revenue growth surging 89% in the quarter. The company’s shares, up about 22% this year compared with a 4.9% gain in the S&P 500 SPX, -0.40% jumped further in after-hours trading, after Chief Financial O Show less Read more
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