Microsoft Earnings Defy the Pandemic
After gaining 4.5% during regular trading hours, shares of Microsoft (NASDAQ: MSFT) rose after hours on Wednesday when it reported its fiscal third-quarter earnings. That period included March, a month in which much of the economy had to be shut down to contain the spread of COVID-19, as many turned to remote work and schooling.
While Microsoft will no doubt be somewhat affected by an economic downturn, it also benefits from more cloud usage, sales of laptops, and video gaming activity. As of now, it looks like the positive trends are vastly overwhelming the negative ones. In fact, Microsoft's overall revenue accelerated, if you can believe it.
Microsoft delivered growth amid the COVID-19 pandemic. Image source: Getty Images.
Source Fool.com
