Microsoft stock rose as much as 6% in extended trading on Tuesday after the company reported fiscal second-quarter earnings and Azure cloud revenue growth that exceeded analysts’ expectations. Here’s how the company did: Earnings: $2.03 per share, adjusted, vs. $1.64 per share as expected by analysts, according to Refinitiv. Revenue: $43.08 billion, vs. $40.18 billion as expected by […] Read more
Microsoft announced Tuesday it will be launching its Netflix-style cloud gaming service on Sept. 15 as part of a $15-per-month subscription bundle. The company initially revealed it would make its xCloud streaming platform a free add-on to its Xbox Game Pass Ultimate service last month. Xbox Game Pass Ultimate, which costs $15 a month, is the firm’s top subscription product and […] Read more
Paul Allen, the billionaire co-founder of Microsoft, died Monday. He died in Seattle from complications related to non-Hodgkin’s lymphoma two weeks after Allen said he was being treated for the disease. And this is what Microsoft founder Bill Gates said in a statement Monday; “I am heartbroken by the passing of one of my oldest and […] Read more
