Microsoft Reports an Increase in Revenue and Profits
Fuelled by its Cloud Computing Operations
Robust sales and profit-driven exceeded analysts’ estimates for the quarterly
earnings of Microsoft Corp fuelled by its cloud-based software as per news
As per a statement made by the Redmond, Washington-based software giant,
the QTR 1 ending on Sep 30 saw revenue climbing 22 % to $45.3 billion. This
was the 11th consecutive month when the results topped analysts’ estimates. As
per a poll conducted by Bloomberg, the average analyst revenue estimates were
$43.9 billion for the quarter.
Profit before tax rose to $2.27 per share compared to forecasts of $2.07. Sales
forecasts also topped expectations for the said quarter.
Microsoft extended success has been attributed to CEO Satya Nadella lining up
continuous deals for its Azure software, which stores data and runs cloud
computing applications for business enterprises. The internet-based office
programs keep growing as the customers continue Microsoft services through
its high-end versions.
Read the article to know more: Microsoft Reports an Increase in Revenue and
Profits via Cloud Computing (businessupside.com)
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