Microsoft Corp. offered some welcome relief to the software sector overnight against what one analyst described as a “doom and gloom” backdrop.
Just a day ago, software stocks broadly sold off in Tuesday’s regular session after Tenable Holdings Ltd. TENB, a cybersecurity player, warned that reverberations from the banking crisis were weighing on deals. But Microsoft MSFT sent a more upbeat signal with its after-hours results, as its Azure cloud-computing business topped growth expectations, as did the part of the company…
