BREAKING NEWS

Microsoft beats profit estimates but cloud growth slows

Microsoft beats profit estimates but cloud growth slows
FILE PHOTO: Visitors stand in front of a display screen at Microsoft's new Oxford Circus store ahead of its opening in London, Britain July 9, 2019. REUTERS/Simon Dawson -
Copyright
Simon Dawson(Reuters)
Euronews logo
Text size Aa Aa

(Reuters) – Microsoft Corp <MSFT.O> beat analysts’ quarterly profit estimates on Wednesday, but growth in its Azure cloud computing platform slowed from a year earlier.

The software maker’s net income rose to $10.68 billion (£8.29 billion), or $1.38 per share, in the quarter ended Sept. 30 from $8.82 billion, or $1.14 per share, a year earlier. [https://bit.ly/2W9G9Bc]

Revenue rose to $33.06 billion from $29.08 billion a year earlier.

Analysts had expected a profit of $1.25 per share on revenue of $32.23 billion, according to IBES data from Refinitiv.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Saumyadeb Chakrabarty)

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.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.