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Cushioned by cloud biz, Microsoft earnings rise

For the quarter-ended June, Microsoft reported net income of $3.12 bn; it had reported a loss of $3.2 bn in the corresponding period a year ago


Nick Wingfield  |  Seattle 

Microsoft is best known for software products like Windows and Office. If you bought a PC, more often than not it came with Windows, and chances are you bought a copy of Office to go with it. But the personal computers that Microsoft makes a lot of software for aren't selling the way they once did. And the company's entry into the smartphone business - which has been eating into PC sales for several years - was a disaster. It's a good thing Microsoft is determined not to miss the boat on cloud computing, a current trend that connects people over the internet to software hosted ...

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First Published: Thu, July 21 2016. 00:10 IST