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Microsoft Earnings Grew Last Quarter With Demand for Cloud Services

Microsoft Earnings Grew Last Quarter With Demand for Cloud Services
Copyright  SeongJoon Cho/Bloomberg News
By Dow Jones & Company

Microsoft Corp. said its earnings continued to grow last quarter as its cloud-services business stayed strong.

On Tuesday, the Redmond, Wash., 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.

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