Microsoft beats expectations, AMD agrees 35B deal for rival

Microsofts earnings report led headlines on Tuesday, as an expectation beating calendar Q3 the firms fiscal Q1 played off against weaker than anticipated guidance for the current quarter its fiscal Q2. Highlights included the firms cloudcomputing business Azure, which increased revenues by 48 yearoveryear. In the current quarter, the release of the firms new generation of Xbox consoles will be crucial, and the company doubleddown on gaming last month with the announcement that it is acquiring ZeniMax Media which owns game developer Bethesda for 7.5bn.

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