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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Microsoft Corporation | NASDAQ:MSFT | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 9.35 | 2.35% | 407.19 | 406.80 | 407.22 | 407.15 | 401.86 | 402.28 | 17,521,795 | 01:00:00 |
From May 2021 to May 2024
By Denny Jacob
Microsoft Corp. shares rose 5.8% to $286.05 Wednesday, the day after the tech giant reported higher third-quarter revenue and profit as demand for its cloud services and software continued to climb.
The company reported net income of $16.73 billion, or $2.22 a share, for the quarter ended March 31, up from $15.46 billion, or $2.03 a share, in the year-ago period. Analysts polled by FactSet were expecting $2.18 a share.
Revenue rose to $49.36 billion from $41.71 billion. Analysts polled by FactSet expected $49.02 billion.
The company's cloud business logged revenue of $23.4 billion, up 32%.
Microsoft said it expects sales for the current quarter will be between $52.4 billion and $53.2 billion. Analysts had been expecting sales of around $52.8 billion for the quarter, according to FactSet.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 27, 2022 10:14 ET (14:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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