Tech giant Microsoft Corporation (NASDAQ:MSFT) has not performed particularly well on the stock markets over the past two weeks.
During this period, the stock has declined by 7% and the reason behind the decline might be traced back to April 27, when the company announced its fiscal third-quarter ratings. Microsoft delivered earnings of $1.95 per share, which beat analysts’ estimates of $1.78 per share. On the other hand, revenues came in at $41.71 billion and managed to beat analysts’ estimates of $41.03 billion.
While the numbers were impressive, the market did not seem particularly impressed and on the day, the stock had declined by 5%. The annualized revenue growth in the quarter was 19%. The personal computer business saw a massive rise due to a rise in sales driven by the coronavirus pandemic. Microsoft’s cloud service Azure clocked growth of 50% and that proved to be better than analysts’ estimates of 46%.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.