Microsoft Shares Climb After It Posts Stronger-Than-Expected Growth
Microsoft Corp. shares rose after it reported stronger-than-expected results for the most recent quarter even as economic concerns cooled corporate demand for the company’s software and cloud services.
The software giant said revenue for the three months through March rose 7% from a year earlier. That beat analysts’ expectations but marked the second straight quarter below the company’s yearslong trend of double-digit percentage growth.
Microsoft Corp. shares rose after it reported stronger-than-expected results for the most recent quarter even as economic concerns cooled corporate demand for the company’s software and cloud services.
The software giant said revenue for the three months through March rose 7% from a year earlier. That beat analysts’ expectations but marked the second straight quarter below the company’s yearslong trend of double-digit percentage growth.
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