Microsoft gets a boost from Windows as cloud stays on track [Reuters]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Reuters
Microsoft gets a boost from Windows as cloud stays on track - Reuters 3 Min Read (Reuters) - Microsoft Corp beat Wall Street estimates for quarterly profit and revenue on Wednesday, powered by a surprise boost in Windows revenue and as growth in its cloud business stayed on track. Shares rose 3.2% after the bell, pushing the Redmond, Washington-based company’s market capitalization to nearly $1 trillion. The rally added to the stock’s roughly 23% gain so far this year, after it hit a record high of $125.85 during regular trading hours. Under Chief Executive Satya Nadella, the company has spent the past five years shifting from reliance on its once-dominant Windows operating system to selling cloud-based services. Azure, Microsoft’s flagship cloud product, competes with market leader Amazon.com’s Amazon Web Services (AWS) to provide computing power to businesses. Growth in that unit slowed to 73% from 76% in the fiscal second quarter. Mike Spencer, Microsoft’s head of investor relation
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News
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INTC
Earnings
- 4/25/24 - Beat
INTC
Sec Filings
- 4/26/24 - Form 10-Q
- 4/26/24 - Form IRANNOTICE
- 4/25/24 - Form 8-K
- INTC's page on the SEC website