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The financial results of the world's largest software maker Microsoft in the third fiscal quarter ended March 31 were higher than market forecasts. The company recorded net profit growth of 18.7% from the same period of the previous year to $8 billion 809 million. Earnings per share were at the level of 1 dollar 14 cents versus economists estimate of 1 dollar per share. Revenue in the amount of 30 billion 571 million dollars indicated an annual growth of 14%. Economists had expected a figure of 29 billion 880 million dollars. In the area of commercial cloud services, an increase of 41% was recorded due to increased demand for cloud services. Productivity and Business Process revenue increased by 14%. Microsoft shares rose sharply after quarterly reporting. Its capitalization is close to 1 trillion dollars, amounting to 962 billion 400 million dollars.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
China saw positive customs data on Tuesday, raising hopes that the world’s second-largest economy is on the way to recovering from the COVID-19 pandemic. Exports for June rose 0.5% year-on-year compared to an analysts’ forecast ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
European stocks traded higher earlier on Friday after strong factory data from China fuelled a rebound in Asian markets. However, investor optimism remained limited as the U.S. reported a record surge in new COVID-19 cases. The STOXX 600 gained ...
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