Big tech stocks take a major hit
Constellation Research CEO Ray Wang and Market Gauge Group Managing Director Michelle Schneider react to tech stocks taking a major hit and discuss the role inflation and COVID-19 play on the markets
Demand for Microsoft’s cloud-computing services and work software helped boost its quarterly profits by 21% as the pandemic continued to keep many office workers at home.
The Redmond, Washington company on Tuesday reported fiscal second-quarter profit of $18.8 billion. It posted revenue of $51.7 billion for the October-December period, up 20% from a year earlier.