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Posted by
Two Blokes Apr 30 -
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Stock
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Microsoft Corp (NASDAQ:MSFT) shares surged more than 7% on Wednesday postmarket after the tech giant posted better-than-expected fiscal first-quarter results, driven by accelerating demand for its cloud and AI services and a record-breaking performance in gaming revenue. The company reported revenue of $70 billion for the quarter ended March 31, up 13% from a year earlier and above analysts' expectations of $68.4 billion, according to LSEG data.
