Microsoft Tops Estimates Across Its Business But Signals Near-Term Capacity Challenges

Benzinga · Apr 29 21:51

On Thursday, Microsoft Corporation (NASDAQ:MSFT) issued its third quarter earnings report.

Year to date, Microsoft shares are 10% up, behind its tech rivals, Google parent Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) and Amazon.com Inc (NASDAQ:AMZN) that are 15% and 22% up, respectively, with the three locked in a battle to show who can offer the most comprehensive AI solutions.

This week, Microsoft got a pleasant boost from the beverage giant, The Coca Cola Company (NYSE:KO) who agreed to infuse Microsoft's Azure cloud services and developing AI technology across its business and network.

Third quarter results surpassed estimates.

For the...

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Microsoft Tops Estimates Across Its Business But Signals Near-Term Capacity Challenges

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