 "Microsoft")
Microsoft said its earnings continued to grow last quarter as its Cloud-services business stayed strong.
On Tuesday, the software giant said its sales in the quarter ended in December hit $51.7 billion, up 20% from a year earlier. Its net income rose 21% to $18.8 billion.
On Tuesday, the software giant said its sales in the quarter ended in December hit $51.7 billion, up 20% from a year earlier. Its net income rose 21% to $18.8 billion.
The results beat predictions from analysts, who were expecting $50.7 billion in revenue and $17.5 billion in net income, according to FactSet.
Microsoft’s overall cloud revenue increased 32% from the year-earlier quarter to $22.1 billion. Its cloud-infrastructure service, called Azure, grew by 46%, down slightly from the prior quarter’s 48% growth
Microsoft
