Microsoft Expects Double-Digit Growth for This Year as Demand for Cloud Computing Services Rise

Microsoft on Tuesday forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services, and its shares jumped about 4 percent. Microsoft forecast Intelligent Cloud revenue of $21.1 billion (roughly Rs. 1,61,695 crore) to $21.35 billion (roughly Rs. 1,63,611 crore) for its fiscal fourth quarter, driven by strong growth in … Read more

Microsoft Expects Double-Digit Growth for This Year as Demand for Cloud Computing Services Rise

Microsoft on Tuesday forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services, and its shares jumped about 4 percent. Microsoft forecast Intelligent Cloud revenue of $21.1 billion (roughly Rs. 1,61,695 crore) to $21.35 billion (roughly Rs. 1,63,611 crore) for its fiscal fourth quarter, driven by strong growth in … Read more

Microsoft Says Supply Woes to Continue for Xbox, Sees Cloud Business Growth

Microsoft on Tuesday forecast a strong end to the calendar year thanks to its booming cloud business but said supply chain woes will continue to dog key units such as those producing its Surface laptops and Xbox gaming consoles. The company beat Wall Street expectations for its fist quarter ended September 30, with pandemic-induced demand for the … Read more

Microsoft Says Supply Woes to Continue for Xbox, Sees Cloud Business Growth

Microsoft on Tuesday forecast a strong end to the calendar year thanks to its booming cloud business but said supply chain woes will continue to dog key units such as those producing its Surface laptops and Xbox gaming consoles. The company beat Wall Street expectations for its fist quarter ended September 30, with pandemic-induced demand for the … Read more