((Reuters) – Microsoft met analysts’ quarterly revenue expectations and exceeded earnings estimates on Tuesday. However, stocks fell slightly as investors hoped for even stronger performance after a year-long rally on massive market valuation.
The Redmond, Washington company has grown to become one of the most valuable companies in the world, valued at nearly $ 2 trillion after its shares rose 50% over the past year by entering the booming cloud computing market is.
Microsoft has remained a household name during the pandemic through its team collaboration software. Sales of the Windows operating system for PCs, which has declined for decades with the spread of smartphones, even boomed.
Microsoft Azure Cloud service closes the market share of market share leader Amazon Web Services and doubles the productivity of software used by companies worldwide.
Sales and adjusted earnings per share for the …