Microsoft (NASDAQ: MSFT) posted its second-quarter earnings report on Jan. 25, and the tech giant easily beat analysts' expectations.

Its revenue rose 20% year over year to $51.7 billion, topping estimates by $910 million. Its net income improved 21% to $18.8 billion, or $2.48 per share, surpassing expectations by $0.16.

Those headline numbers were impressive, but should investors still buy Microsoft's stock as rising interest rates pummel the tech sector? Let's examine Microsoft's growth rates, guidance, and valuations to find out.

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Source Fool.com