Microsoft was once again able to rely on its lucrative cloud services in the past quarter. Wall Street analysts’ expectations were clearly exceeded.
The ongoing boom in the cloud business brought the software giant Microsoft once again strong business growth in the most recent quarter.
In the three months to the end of June, revenues climbed 21 percent year-on-year to $ 46.2 billion (39.1 billion euros), as the group announced after the US stock market closed in Redmond. The net profit even increased by 47 percent to 16.5 billion dollars. This clearly exceeded the expectations of Wall Street analysts.
Microsoft could once again rely on its lucrative cloud services. The Azure platform, which offers numerous other companies and apps IT services and storage space on the network, increased sales by a surprisingly strong 51 percent. The PC division, which in addition to Windows software also includes hardware products such as the Xbox game console and “Surface” tablets, grew by 9 percent to $ 14.1 billion. Although the numbers were better than expected, the share initially reacted with significant price losses after the trading day.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
