In the space of a few hours a bizarre Rorschach test played out on Wall Street, as analysts and investors digested the December quarter results from two of the most important companies in the world: Microsoft and Meta Platforms.
On the surface at least, both companies delivered similarly impressive results. At Microsoft, revenue surged 17 per cent to $US81.3 billion ($115.4 billion) and operating income jumped 21 per cent to $US38.3 million, beating analyst expectations and highlighting strong earnings growth.
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