MSFT cross $60 per share for the first time since 1999

Reading time icon 1 min. read


Readers help support MSPoweruser. When you make a purchase using links on our site, we may earn an affiliate commission. Tooltip Icon

Read the affiliate disclosure page to find out how can you help MSPoweruser effortlessly and without spending any money. Read more

msft

Microsoft’s share price crossed $60 per share for the first time since 1999, after beating analyst expectations and showing strong growth in the all important cloud segment.

The “intelligent cloud” business rose 8.3% to $6.38 billion, beating analysts’ average estimate of $6.27 billion.

The news is a validation of Satya Nadella’s strategy of focussing on cloud enterprise services, underlined particularly by further falls in Windows and mobile, with revenue in that segment falling 1.8% to $9.29 billion.

More about the topics: microsoft, Microsoft Earnings, MSFT