6 days ago • 1:35 min
Microsoft reported better-than-expected quarterly results late on Tuesday.
What does this mean?
Microsoft’s cloud computing business is its growth backbone, but corporate customers have tightened their belts in recent quarters and slowed the segment’s growth. And although that slow-down didn’t reverse last quarter, the segment still flexed its muscles, beating analysts’ expectations with 18% revenue growth compared to the same time last year. There was good news for Microsoft’s productivity business too, which includes Microsoft 365 and LinkedIn, as revenue jumped a better-than-expected 7%. And even the bad news was predictable: the PC segment saw revenue decline by 19%, but experts were (https://w