AP, REDMOND, WashingtonMicrosoft Corp on Wednesday reported its latest quarterly report card to Wall Street, buoyed by another round of business customers signing up for its cloud computing services. The net income of US$1.38 per share beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of US$1.25 per share. Microsoft shares have risen 35 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 20 percent. The Surface team, though a small part of Microsoft’s business, launched a new line of devices this fall and expects demand to pick up during the holiday season.

Source: Taipei Times October 24, 2019 15:56 UTC