BENGALURU/OAKLAND: Microsoft Corp beat Wall Street earnings and revenue expectations yesterday, benefiting from demand for the software giant’s cloud-based services following the pandemic-triggered shift to hybrid working models. The company posted revenue of $49.36 billion (RM214.9 billion) in the third quarter, up from $41.7 billion a year earlier. Analysts on average had expected revenue of […]
Diving brief: Infrastructure builder and materials producer Granite Construction saw profits and revenues fall from this time last year, although both measures jumped from the previous quarter. The company is burning through its portfolio of less profitable projects as expected, hurting its profit margin, the company’s president said on a second-quarter earnings call Thursday. The […]
[Stay on top of transportation news: Get TTNews in your inbox.] Hub Group Inc. posted strong second quarter profit and revenue growth, benefiting from the strong rebound in the US freight market. Oak Brook, Ill.-Based intermodal and logistics provider’s net profit rose 101.5% to $ 26.6 million from $ 13.2 million in the same quarter […]
