Microsoft posted another quarter of brisk revenue growth driven by cloud services, underscoring the company’s success in shifting its business toward Internet-based computing. The stock rose in extended trading.
Browsing: Amy Hood
Microsoft’s earnings report and forecast cheered investors, providing further evidence the company can increase cloud sales and squeeze more profit from the area while cutting into Amazon.com’s massive industry lead.
Clad in jeans and a gray sweatshirt, Amy Hood stands before a room of 140 Microsoft recruits. The feeling in the air is a bit like the first day of school, and new hires are taking selfies outside in front of a big Microsoft logo.
Microsoft has topped analysts’ estimates for second quarter revenue, helped by brisk quarterly growth in its cloud and corporate-software businesses, while a tax charge caused the company to report a net loss. The software maker
[dropcap]M[/dropcap]icrosoft’s turnaround plan got back on track in the latest quarter, buoyed by rising sales of Internet-based software and services.…
Alphabet, Microsoft and Intel, which all posted quarterly results on Thursday, reinforced what’s become a truism in technology: the biggest growth is in businesses that deliver computing over the Internet. Microsoft topped projections on