January 26, 2022
Technology stocks have been volatile as investors assess the effects of rising inflation, anticipated rate increases from the Federal Reserve and a possible slowdown in consumer spending. Yet Microsoft Corp.s latest earnings underscore why the company still looks like a safe bet over the long term.
The software giant Tuesday reported another strong quarter, with revenue of $51.7 billion in the three months ended in December, up 20% compared with figures in the period a year earlier and higher than the $50.87 billion median estimate of analysts surveyed by Bloomberg. Earnings for the companys fiscal second quarter also came in above estimates.
OneProSpecial Analyst
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