Microsoft stock opend high, but what about your balance?
Microsoft’s quarterly earnings report Tuesday easily topped analysts' expectations, as its key cloud product, Azure, saw revenue grow 102%.
The technology giant posted fiscal fourth-quarter earnings per share of 69 cents. Revenue came in at $22.64 billion.
Shares of the company popped more than 3 percent after the report.
"The Microsoft Cloud is seeing significant customer momentum and we're well-positioned to reach new opportunities in the year ahead," CEO Satya Nadella said in a release.
Azure, Microsoft's major cloud offering, saw revenue grow 102 percent in the quarter, the company said.
So how could you have profited from the stocks’ rise?
First of all, if Microsoft stock is an asset you want to trade on, you should keep a close eye on the company’s activities.
If you have read about the strong reports of yesterday, you could have chosen the “Call” options on this asset as soon as the trading day begins. This means you are saying that Microsoft’s stock will rise until the end of the day.
Once you have solid information about a specific company, you can presume that the stock will go up or down according to that information.
What if you are too busy and don’t have time to follow the news you ask?
That is why we’re here for, to follow the latest market activities so you won’t have to.
Our Signals are based, among other things, on fundamental analysis, such as latest news and reports from big companies.
So let us do the hard work, all you have to do is simply open a new account with one of brokers and you’ll get our Signals.
Talk to us on the chat and start trading wisely today.