Microsoft Corp (NASDAQ: MSFT) reported third-quarter 2021 financial results after the regular trading hours on Tuesday. The tech giant reported Q3 revenue of $41.7 billion, up 19% year-over-year and above the Wall Street consensus. The company reported a net income of $1.95 per share, much better than what analysts had anticipated.
MSFT shares fell 3.5% immediately following the announcement. The stock has rallied 50% over the past twelve months.
“Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,” CEO Satya Nadella said in a statement.
“We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform,” he added.
Leading stock indexes retreated after gaining mid-week when Wall Street biggies like Apple and Amazon reported impressive quarterly numbers. The Dow Jones Industrial Average was down 190 early Friday, while
The airlines sector was severely impacted by the disruption caused by the COVID-19 pandemic in 2020. A year later, the industry is still limping its way to a recovery. In
The company that witnessed the strongest growth during the pandemic is probably Amazon.com, Inc. (NASDAQ: AMZN), which went into overdrive when the crisis triggered an online shopping boom. Taking a