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Why Microsoft Stock Climbed Today

TheMotleyFool

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Why Microsoft Stock Climbed TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of Microsoft (NASDAQ: MSFT) rose 2.9% on Wednesday after the software leader issued an optimistic growth forecast.

Microsoft's revenue jumped 20% year over year to a whopping $51.7 billion in its fiscal 2022 second quarter, which ended on Dec. 31. That was slightly above Wall Street's estimates, which had called for revenue of $50.9 billion.

Microsoft is seeing robust demand for its cloud-computing and productivity software. Its Azure cloud-infrastructure platform saw revenue surge 46%, while its Office 365 commercial revenue increased 19%.

Source Fool.com

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