By Akanksha Rana and Julia Love
(Reuters) -Microsoft Corp posted its most profitable quarter on Tuesday, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more than made up for by a boom in cloud services.
Shares ticked up 0.
7% after Microsoft projected that growth in its Azure cloud computing business will continue apace following a quarter in which sales climbed 51%.
Overall revenue rose 21% to $46.2 billion, beating analysts' consensus by about $2 billion,.....