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Stock impact report

5 Magnificent Numbers From Microsoft's Q3 Announcement [Yahoo! Finance]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Yahoo! Finance
That's the software giant's market capitalization right now, which marks a huge increase from the less than $1 trillion market cap the company held just five years ago. Don't forget that this phenomenal success was powered by the solid business wins that Microsoft has achieved in recent years, including establishing itself as an early leader in the artificial intelligence (AI) arms race. The company's recent earnings report continued that winning streak, likely putting shareholders in position for more market beating gains ahead. Let's take a closer look. 1. Cloud and Azure services up 31% Microsoft is building a truly massive software-as-a-service business. Sales this quarter touched $62 billion, or nearly double the level that fellow "Magnificent Seven" stock Meta Platforms achieved. That was good for a 17% boost year over year. Microsoft is also generating concrete sales success from AI, whereas peers' gains here are still theoretical. Bringing the tech into its popular A Show less Read more
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