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Microsoft rises 2% after beating forecasts with its results

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Microsoft It rose 2% in the Wall Street after-hours market, which records trading after the close of the regular session, outperforming consensus forecasts with its fiscal third-quarter results.

The company founded by Bill gates and directed now by Satya Nadella It has published a profit per share (EPS) of $ 1.40, a figure that has exceeded the forecast of $ 1.27 anticipated by analysts. Net profit is up 22%, up $ 10.8 billion.

In addition, its income has risen 14.4%, to $ 35.020 million, above the 33.7 billion expected by the market. The company accumulates a 12% rise so far this year, although it has not been able to exceed its all-time high in February, at $ 190.70, before launch a profit warning for the crisis.

In any case, its stock market performance has been much better than the market average, due to the fact that its cloud services and the demand for your products by telecommuting they have good prospects. The division Azure, specialized in cloud computing, is one of the most important players in the market.

Azure continues to be the main growth engine for Microsoft, as it has presented a quarterly increase in income of 59%, a figure that has dropped from 62% in the previous quarter but is still very high.

"We have seen two years of digital transformation in two months. From teamwork and distance learning, to sales and customer service, infrastructure and critical cloud security"We are working with customers every day to help them adapt and keep business open in an all-remote world," said Satya Nadella, CEO of Microsoft.

"Our long-lasting business model, diversified portfolio, and differentiated technology position us well for what's to come," he added. Microsoft has explained that "In the third quarter of fiscal year 2020, COVID-19 had a minimal net impact on the company's total revenue."

However, it has recognized that "in the last weeks of the quarter, there was a slowdown in licenses, particularly in small and medium-sized enterprises, and a reduction in advertising spending on LinkedIn"

Also, searches on the net were seen "negatively affected by reductions in advertising spending, particularly in the industries most affected by COVID-19. "Lastly, he pointed out that" the effects of the current crisis may not be fully reflected in financial results until future periods"

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