(Bloomberg) — Microsoft Corp. gave an upbeat sales forecast for the fiscal year that just began, easing investor concerns about growth that had flared up following a lackluster fourth-quarter earnings report. Shares jumped more than 5% in late trading, reversing earlier declines.
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On a conference call Tuesday, the software giant said it expects revenue and operating income to increase at a double-digit pace for fiscal 2023, which ends next June. Currency fluctuations…
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