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.
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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.
For Microsoft, acquiring GitHub would be both a return to the company’s earliest roots and a sharp turnaround from where it was a decade ago. The software maker has agreed to acquire GitHub, the code-repository
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