(Reuters) - Microsoft Corp reported higher quarterly adjusted revenue, driven mainly by growth in the company's cloud business.
The company's shares jumped 3.5 percent to $54.91 in extended trading on Tuesday.
Revenue in the cloud business, which includes the Azure cloud platform as well as products related to server software, rose 7 percent to $6.7 billion.
Under the leadership of Satya Nadella, the software behemoth has focussed on the building the company's expertise in cloud-based services amid slowing PC sales.
Nadella, who took the helm in early 2014, oversaw the company's largest-ever deal last month when it acquired LinkedIn Corp for $26.2 billion.
The company posted net income of $3.12 billion, or 39 cents per share, for the fourth quarter ended June 30, compared with a loss of $3.2 billion, or 40 cents per share, a year earlier.
Adjusted revenue rose to $22.6 billion from $22.18 billion.
(Reporting by Rishika Sadam and Narottam Medhora in Bengaluru; Editing by Saumyadeb Chakrabarty)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
