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.
Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark
In the first half of 2021, a record number of private companies entered stock markets in the US, marking a multifold increase from the same period of 2021. The IPO
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results