3rdPartyFeeds

Microsoft Says Covid-19 Had Minimal Impact On Revenue In Its Latest Quarter. Its Stock Is Rising.

For the period ended March 31, the software giant reported revenue of $35 billion, up 15%, and ahead of the Wall Street analyst consensus estimate of $33.66 billion. The company said that the Covid-19 pandemic had “minimal net impact on total company revenue.” CFO Amy Hood added that the company’s sales teams and partners “executed a solid third quarter, with Commercial Cloud revenue generating $13.3 billion, up 39% year over year.” Read More...

For the period ended March 31, the software giant reported revenue of $35 billion, up 15%, and ahead of the Wall Street analyst consensus estimate of $33.66 billion. The company said that the Covid-19 pandemic had “minimal net impact on total company revenue.” CFO Amy Hood added that the company’s sales teams and partners “executed a solid third quarter, with Commercial Cloud revenue generating $13.3 billion, up 39% year over year.”

Read More

Add Comment

Click here to post a comment