Why Microsoft Stock Climbed Today

Shares of Microsoft (NASDAQ: MSFT) rose 2.9% on Wednesday after the software leader issued an optimistic growth forecast.

Microsoft's revenue jumped 20% year over year to a whopping $51.7 billion in its fiscal 2022 second quarter, which ended on Dec. 31. That was slightly above Wall Street's estimates, which had called for revenue of $50.9 billion.

Microsoft is seeing robust demand for its cloud-computing and productivity software. Its Azure cloud-infrastructure platform saw revenue surge 46%, while its Office 365 commercial revenue increased 19%.

Source Fool.com