Microsoft sees steady cloud growth after record April-June quarter profit


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,.....

This article is no longer available in our repository.

There could be multiple reasons for this.