Stefan Mileschin

Shares still managed to fall

Software King of the World Microsoft beat the cocaine nose jobs of Wall Street expectations and profit estimates.

However, the outfit saw its shares fall slightly reflecting some scepticism about one-off benefits included in the results and high hopes after a year-long rally. This is pretty much proof that the share buyers are mostly on crack and even if a company is doing well someone will get hacked off and dump their shares.

The figures show that Vole is worth close to $2 trillion and has grabbing market share in the booming market for cloud computing and expanding business services such as its Teams collaboration service and LinkedIn social network.

Those services were still in demand during the pandemic, with Microsoft's Azure cloud service closing ground on market-share leader Amazon Web Services and growing 50 per cent in the quarter. People working and studying from home bought new PCs and video consoles, spurring Microsoft Windows operating system and video game businesses.

https://fudzilla.com/news/52772-micr...t-expectations