Microsoft beats Wall St targets on cloud services revenue [Reuters]
Salesforce, Inc. (CRM)
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Source: Reuters
Microsoft beats Wall St targets on cloud services revenue | Reuters 3 Min Read (Reuters) - Microsoft Corp ( MSFT.O ) on Thursday posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite. The company’s flagship Azure cloud product recorded revenue growth of 89 percent in the fourth quarter ended June 30. Its shares were up slightly in after-hours trading. Much of Microsoft’s recent growth has been fueled by its cloud computing business, which has benefited from companies rushing to shift their workloads to the cloud to cut data storage and software costs. “The combination of the cloud, which is a megatrend that’s going to last for years to come, and the execution, this is company that knows how to sell and be innovative - it’s hard to argue with anything here,” said Tom Taulli, InvestorPlace.com analyst. Microsoft shares have risen 180 percent since Satya Nadella took over
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CRM
Earnings
- 2/28/24 - Beat
CRM
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 144
- 4/22/24 - Form 144
- CRM's page on the SEC website