Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2021. The results also topped expectations and the software giant’s shares rose during the extended trading session.
At $43.1 billion, second-quarter revenues were up 17% from the comparable period of fiscal 2020 and above analysts’ forecast. Server products and cloud services revenue advanced 26%, with Azure growing 50%.
Net income came in at $15.5 billion or $2.03 per share in December-quarter, compared to $11.56 billion or $1.51 per share in the second quarter of 2020. The bottom-line also came in above estimates.
Microsoft’s shares gained on Tuesday evening as the strong results spurred a rally, after closing the regular session higher.
Latest economic data evoked mixed sentiment this week -- the rebound in economic activity has raised inflation concerns while jobless claims declined for the sixth week in a row. The
Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first
The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive