Microsoft sales grow on cloud strength, shares dip on heightened valuation
The Hindu
Booming sales in personal computers for working from home have also helped boost the company's Windows operating system business, Microsoft said
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Microsoft Corp on Tuesday met analysts' quarterly sales expectations and beat profit estimates, but its shares fell slightly as investors hoped for an even stronger performance after a year-long rally to a massive market valuation. The Redmond, Washington company has become one of the world's most valuable companies, worth close to $2 trillion after its stock jumped 50% over the past year, by entering the booming market for cloud computing.
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