Technology giant Microsoft Corporation (MSFT) announced record-breaking fourth-quarter and full fiscal year 2021 results. Shares were up almost 1.7% in after-hours trading on July 27. In the fourth quarter, the company reported earnings of $2.17 per share, up 49% year over year, and surpassed the Street’s estimate of $1.90 per share.   Revenue climbed 21% to $46.15 billion compared to the year-ago period and beat analysts’ estimates of $44.1 billion. The company’s segments delivered solid quarterly growth compared to the year-ago period. Intelligent Cloud revenue grew 30%, primarily backed by a 51% growth in Azure, its cloud computing platform.
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Microsoft (NASDAQ:MSFT)
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