Microsoft Ceo Expressed Bullish Sentiments Towards Tech Giant S Future Pushing Stock Higher
CEO of the Redmond giant, Satya Nadella, highlighted that the company expects double-digit sales and operating income growth in fiscal 2023, with margins possibly remaining flat. This aligned with its previous guidance when the company pinpointed concerns around an upcoming recession. Meanwhile, the earnings showed revenues of $51.87 billion, a 12.4% increase year-on-year (YoY), missing estimates by $490 million. Similarly, earnings per share (EPS) were $2.23, missing estimates by $0....