drives

Facebook Earnings Beat Drives Meta Shares Soar, But Sales Have Slowest Growth in a Decade

Facebook Earnings Beat Drives Meta Shares Soar, But Sales Have Slowest Growth in a Decade

Meta Platforms Inc. is the latest tech giant to feel an economic pinch, as Facebook’s parent company reported its slowest sales growth in a decade on Wednesday and issued a lukewarm revenue guide. “Headwinds to revenue” are likely to lead to a slowdown in investment, Meta chief executive Mark Zuckerberg said in a webcast presentation …

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Microsoft drives cloud, Office and Windows to sustained growth in the third quarter of 2022

Microsoft drives cloud, Office and Windows to sustained growth in the third quarter of 2022

Microsoft’s third quarter 2022 financial results are here and the company is once again posting double-digit growth – revenues of $ 49.4 billion and net income of $ 16.7 billion. Revenue increased 18% and profit represents an 8% increase year-over-year. Microsoft attributes a portion of this quarter’s growth to the cloud, with server and cloud …

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