Business · Markets · 3 hrs ago

Microsoft stock rises as earnings show rapid growth and controlled spending

Microsoft stock rises as earnings show rapid growth and controlled spending

Microsoft’s stock is moving higher after its earnings.

The company showed investors that it can grow rapidly while keeping spending in check.

The earnings announcement gave investors evidence of both growth and control over spending.

That combination was identified as the main reason for the stock’s rise.

The information provided does not give figures for Microsoft’s growth or spending.

It does not say what Microsoft or investors will do next.

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Microsoft showed investors that it’s able to grow rapidly while keeping spending in check.
via MarketWatch