Microsoft (NASDAQ: MSFT) reported fourth quarter fiscal 2020 EPS of $1.46. Revenue grew 13% to $38 billion, which bettered the consensus estimates. Shares of the tech giant fell about 3% in the after-hours trading session.
Azure revenue growth declined to 47% in Q4 from the 59% growth registered in the third quarter of 2020.
“The last five months have made it clear that tech intensity is the key to business resilience. Organizations that build their own digital capability will recover faster and emerge from this crisis stronger,” said CEO Satya Nadella.
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage