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, 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).


EDP ​​concludes sale to Total of two gas plants and commercial portfolio in Spain

EDP ​​concluded this Tuesday the sale of a portfolio of thermal assets and energy trading customers in Spain to Total for an enterprise value of 480 million euros.

More than two centuries later, British retailer Debenhams closes down

British retail chain Debenhams will close all stores in the UK after 242 years of activity because no buyer has been found, putting 12 jobs at risk.

Visits to the JE website soar in November, rising 33% to 5,8 million

The number of users of the Jornal Económico website increased 30% in November, compared to October, to a total of 2,7 million. Mobile accesses represented 79% of the total. Multimedia platform JE TV has more and more viewers. Thank you for your preference!