Microsoft Corp exceeded analysts’ expectations for second-quarter revenue on Tuesday, propelled by strong demand for its cloud-based services from more businesses migrating to hybrid work models due to the coronavirus pandemic.While revenue beat expectations, it failed to turn around the negative market sentiment that has dragged down stocks. Microsoft shares were down about 3 percent in after-hours trading.Microsoft has become one of the most valuable companies in the world by betting heavily on corporate software and services, especially its cloud services and the movement to the web of its Outlook email and calendar software, known as Office 365.
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