Microsoft Bucks the Tech Trend

Pessimists expecting signs of a tech slowdown didn't find what they were looking for in Microsoft's strong second-quarter earnings
Microsoft chief executive, Steve Ballmer Getty Images

Investors bruised by this year's tech-stock rout found a balm in Microsoft's fiscal second-quarter results released on Jan. 24. It wasn't the blockbuster results that Microsoft (MSFT) reported in October, but sales surpassed analyst expectations nonetheless, and the company raised financial forecasts for the rest of the fiscal year. That was good enough for shareholders who have been scouring results from every bellwether for signs that the economic slowdown is damping tech demand.

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