CORRECTED-UPDATE 4-Microsoft revenue beats as remote work boosts Teams [Reuters]
Microsoft Corporation (MSFT)
Last microsoft corporation earnings: 4/29 04:06 pm
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Source: Reuters
Microsoft revenue beats as remote work boosts Teams (This April 29 story corrects number of Xbox Live users in paragraph 6 to 90 million monthly active users not 19 million active users; and corrects description in paragraph 8 to say daily active Teams) By Ayanti Bera and Stephen Nellis (Reuters) - Microsoft Corp ( MSFT.O ) on Wednesday beat Wall Street sales and profit expectations, powered by sharp demand for its Teams chat and online meeting app and Xbox gaming services as the world shifted to working and playing from home because of the novel coronavirus pandemic. The company’s shares, up over 12% this year, rose about 5% in extended trading. The results reflect Chief Executive Satya Nadella’s focus over his six-year tenure on cloud computing, in which companies tap Microsoft’s data centers for computing power - a growing business dominated by Amazon.com Inc’s ( AMZN.O ) Amazon Web Services. For the fiscal fourth quarter, Microsoft gave business-unit forecasts that were below
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