Microsoft is likely to announce strong revenue growth as demand for its cloud services and software continued to climb last quarter.

For the quarter ended in March, the software giant is expected to post around $49 billion in sales, up close to 18% from a year earlier. Analysts polled by FactSet expect its net income to be around $16 billion, up 6.2%. The Redmond, Wash. company is set to announce its third-quarter earnings after markets close on Tuesday afternoon.

To Read the Full Story

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

When A.I. Lies About You, There’s Little Recourse

Marietje Schaake’s résumé is full of notable roles: Dutch politician who served…

Fed Official Says Central Bank Must Contain Inflation

A Federal Reserve official said that the central bank is committed to…

Merck says experimental pill cuts worst effects of Covid

WASHINGTON — Merck & Co. said Friday that its experimental Covid-19 pill…

Democrats ramp up spending in a race that will determine control of the Pennsylvania state House

Democrats have begun ramping up their spending weeks before a Pennsylvania state…