What’s remarkable about the 10 per cent plunge in Microsoft’s share price on Thursday night – the biggest one-day fall since 2020, before anyone had really heard of generative artificial intelligence – is that the December quarter results the company produced just 15 hours earlier were pretty damn impressive.
Revenue surged 17 per cent to $US81.3 billion ($115.4 billion) and operating income jumped 21 per cent to $US38.3 million. These are stonking numbers for a three-month period, and they were ahead of analyst expectations.
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