FILE PHOTO: A smartphone is seen in front of the Microsoft logo in this illustration photo taken July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Microsoft Corp on Tuesday forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in part by its Intelligent Cloud unit.
The outlook soothed concerns about growth sparked by results for the December quarter, which initially dragged on Microsoft's shares in after-hours trade. But the shares reversed course following the outlook, trading 3% above the closing price.
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