Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows.
Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows.
"The pressure was obviously on but they executed," said Hal Eddins, chief economist for Microsoft shareholder Capital Investment Counsel. "The cloud is such a key driver of growth for them and they seem to have painted a big bull's eye on the back of AWS." Microsoft has tried to set itself apart from AWS by combining its traditional software that runs in a customer's own data center with its Azure products, a strategy that Chris Voce, analyst at Forrester, said helped power the company's results.
Meanwhile, its personal computing division, home to Windows software, rose to $11.3 billion, compared with analyst estimates of $10.98 billion. The unit also includes Xbox gaming consoles, the Bing online search service and Surface laptops.
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