Bloomberg
Microsoft Sales Jump on Cloud; Shares Slip on Lofty Forecast
(Bloomberg) — Microsoft Corp. reported quarterly sales and profit that topped analysts’ estimates for a ninth straight quarter, lifted by booming cloud-computing demand. This time, investors weren’t satisfied.Sales in the period ended March 31 rose to $41.7 billion, the Redmond, Washington-based software maker said Tuesday in a statement. That compared with the $41.1 billion average estimate of analysts polled by…
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