BREAKING NEWS

BREAKING NEWS

Microsoft's profit rises 16 percent

Now Reading:

Microsoft's profit rises 16 percent

Text size Aa Aa

(Reuters) – Microsoft Corp <MSFT.O> reported a 16 percent rise in quarterly profit on Thursday as demand for its cloud computing services for companies rose and personal computer software business stabilized. The technology giant’s net income rose to $6.58 billion (5.00 billion pounds), or 84 cents per share, in the first quarter ended Sept. 30, from $5.67 billion, or 72 cents per share, a year earlier. Revenue rose 12 percent to $24.54 billion. Microsoft’s focus on cloud applications and platforms is offsetting a drop in demand for personal computers that has hurt sales of Windows – the software that powered the company to the top during the dotcom boom. Under Chief Executive Satya Nadella, Microsoft’s cloud business – which includes products such as Office 365, Dynamic 365 and the flagship Azure computing platform – has emerged as a major growth driver.

(Reporting by Pushkala A in Bengaluru; Editing by Arun Koyyur)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.