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File – In this November 10, 2016 file photo, people pass by Microsoft Office in New York. Microsoft will report revenue after the market closes on Tuesday, October 26, 2021. (AP Photo / Swayne B. Hall, file)
Redmond, WA (AP) — Microsoft’s cloud computing business growth helped boost profits in the July-September quarter by 24% compared to the same period last year.
A high-tech company based in Redmond, Washington reported a quarterly profit of $ 17.2 billion, or $ 2.27 per share, above Wall Street’s forecast of $ 2.08 per share on Tuesday.
Microsoft’s profits have skyrocketed across the pandemic, thanks to continued demand for software and cloud computing services for remote work and research.
Microsoft’s fourth-quarter sales were $ 45.3 billion, up 22% from last year. Analysts wanted $ 44 billion in revenue, according to FactSet Research.
Microsoft grew 24% quarterly, driven by cloud growth | WGN Radio 720
Source link Microsoft grew 24% quarterly, driven by cloud growth | WGN Radio 720
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