Microsoft shares soar in afterhours trading beating Wall Street estimates

Sky News Business Editor Ross Greenwood says Microsoft shares soared in after-hours trading after its quarterly update showed revenue growth of 13 per cent to $US56.5 billion.

On Tuesday, Microsoft announced it would be investing $5 billion over the next two years to build nine new data centres in Australia to boost the country’s cyber security capabilities.

“It’s cloud computing business – Azure – is driving that growth,” Mr Greenwood said.

“That's the same business that’s investing the big bucks into Australia.

“By contrast, Google owner Alphabet's shares slumped, that’s because its missed analysts forecasts with revenue of $US76.7 billion – up 11 per cent.”

Видео Microsoft shares soar in afterhours trading beating Wall Street estimates канала Sky News Australia