growth

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

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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

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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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