REDMOND, Wash.: Growth in Microsoft’s cloud computing business helped push its profit up 24% in the July-September quarter over the same time last year.
The Redmond, Washington-based tech company on Tuesday reported quarterly profit of $17.2 billion, or $2.27 per share, beating Wall Street expectations of $2.08 per share.
Microsoft profits have soared throughout the pandemic thanks to ongoing demand for its software and cloud computing services for remote work and study.
Microsoft posted revenue of $45.3 billion in its fiscal fourth quarter, up 22% from last year. Analysts had been looking for revenue of $44 billion, according to FactSet Research.
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Source: News18