Microsoft beats estimates and 'saves' the day on Wall Street

Microsoft presented its quarterly results, which were superior to what the market had anticipated. Result: the group was able to stop the reason that Nasdaq was feeling on Wall Street.

Microsft's results surpassed Wall Street's quarterly revenue estimates, at a time when the software company continued to benefit from a global shift that put millions of people to work and learn at home.

Result: Microsoft shares rose 1% to $ 215,40 - which, on the other hand, was instrumental in 'sponsoring' the maintenance of the Nasdaq technology index on positive ground at the end of the day.

The changes to teleworking have accelerated the adoption of cloud-based computing, benefiting companies like Microsoft, but also Amazon.com, Google Cloud or Alphabet, which will present their results next Friday.

Microsoft revealed that revenue in its 'smart cloud' segment grew 20% to $ 13 billion (€ 11 billion) in the first quarter. Analysts had expected revenue of 12,7 billion, according to data from consultant Refinitiv. Revenue from its personal computing division, which includes Windows software and Xbox game consoles, increased 6% to $ 11,8 billion (9,97 billion euros).

Thus, the company's revenue increased 12% to $ 37,2 billion (€ 31,4 billion) in the quarter ended September 30, exceeding analysts' estimates, which stood at 35,72 billion (EUR 30,19 billion).

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