|Day's Range||50.83 - 51.26|
|52 Week Range||37.62 - 51.85|
|PE Ratio (TTM)||23.14|
|Dividend & Yield||0.76 (1.49%)|
|1y Target Est||N/A|
Microsoft Corp reported a better-than-expected quarterly profit and revenue, helped by a strong performance in its fast-growing cloud business. Microsoft said revenue from its cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43 billion in the fourth quarter. The service competes with Amazon.com Inc's Amazon Web Services as well as offerings from Alphabet Inc's Google, IBM and Oracle Corp.
Qualcomm shares are off 3% in early after-market trading, putting the stock’s year-to-date losses at about 16%. This comes in stark contrast to major rallies across tech, including even old-line operators such as Microsoft Corporation (NASDAQ:MSFT), SAP SE (ADR) (NYSE:SAP) and Oracle Corporation (NYSE:ORCL). The company did record a beat on both the top and bottom lines.
Newer cloud services powered a rise in second-quarter revenue at Germany's SAP but higher costs curbed profit growth, results from Europe's most valuable technology firm showed on Thursday. Core profits ...