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.
It is estimated that the size of the global chip manufacturing equipment market would nearly double from the current levels to about $142 billion in the next eight years. Applied
Shares of Take-Two Interactive Software (NASDAQ: TTWO) were down over 2% on Friday. The stock has dropped 32% year-to-date and 35% over the past 12 months. Earlier this week, the
Cisco Systems Inc. (NASDAQ: CSCO) is the undisputed leader in networking technology, but its core business has been facing challenges over the past few years. While the company faces stiff