While the company saw lower revenue for its Xbox line, growth in its cloud-services and office-productivity segments drove earnings past estimates.
Microsoft rose 3.5% in early trading Friday after fiscal fourth-quarter earnings showed a beat on both revenue and profits. The computing giant is headed for a record open, strengthening its position as the world's most valuable company. It had a market cap of $1.05 trillion as of Thursday's close. Revenue growth in the company's office-productivity products and cloud-computing service Azure drove bottom-line gains. Visit the Markets Insider homepage for more stories.
Microsoft rose 3.5% in early trading Friday after fiscal fourth-quarter earnings showed a beat on both revenue and profits. The computing giant is headed for a record open, strengthening its position as the world's most valuable company. It had a market cap of $1.05 trillion as of Thursday's close. Revenue growth in the company's office-productivity products and cloud-computing service Azure drove bottom-line gains. Visit the Markets Insider homepage for more stories.
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