• COMPUTERS
    Microsoft Beats Estimates on Cloud Services, Gaming, and Software Growth

    HIGHLIGHTS Microsoft’s net income increased 10 percent to $8.8 billion Its revenue went up 17 percent to $30.1 billion Microsoft saw revenue gains across its full range of businesses Microsoft on Thursday said its revenue and profit climbed in the recently ended quarter, getting results from its bets on cloud computing services and artificial intelligence. The […]

  • NEWS
    Microsoft Sales, Profit Top Estimates as Cloud Demand Soars

    HIGHLIGHTS Estimated profit would be 68 cents on revenue of $21.7 billion Revenue from Azure cloud services more than doubled Pledged to reach annualised revenue of $20 billion in cloud business Microsoft Corp.’s first-quarter sales and earnings topped analysts’ estimates, buoyed by growing demand for cloud-based software and services. Profit excluding certain items was 76 […]

  • COMPUTERS
    HP Beats Estimates, Weak Printer Demand Weighs on Forecast

    HIGHLIGHTS Q3 revenue from the company’s computer business rose 7.5 percent Notebook volumes increased 12 percent Revenue from its printer business declined 4.6 percent from Q2 HP Inc, the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. However, HP forecast current-quarter profit below analysts’ […]