Microsoft sales grow on cloud strength, shares dip on heightened valuation


Microsoft, the Redmond, Washington company has become one of the world's most valuable companies, worth close to US$2 trillion after its stock jumped 50% over the past year, by entering the booming market for cloud computing.

Microsoft Corp on Tuesday met analysts' quarterly sales expectations and beat profit estimates, but its shares fell slightly as investors hoped for an even stronger performance after a year-long rally to a massive market valuation.

The Redmond, Washington company has become one of the world's most valuable companies, worth close to US$2 trillion after its stock jumped 50% over the past year, by entering the booming market for cloud computing.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Microsoft , sales , grow cloud , pandemic , shares ,

   

Next In Business News

Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih
FBM KLCI rebounds to hit fresh two-year high
Asian FX subdued after mixed US data; equities set for weekly gains
Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
Country Garden plans to present debt revamp plan in second half, sources say
Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil

Others Also Read