Microsoft’s profit topped analysts’ estimates in the second quarter, helped by strength in its cloud-services business even in a period when a weakening global economy ate into demand for personal-computer and corporate software.
Microsoft Corp.’s profit topped analysts’ estimates in the second quarter, helped by strength in its cloud-services business even in a period when a weakening global economy ate into demand for personal-computer and corporate software. Shares rose about 4 per cent in late trading.
In the past quarter, Microsoft’s growth engines have faltered as corporate customers became warier of spending in an uneven economic environment. Still, Tuesday’s quarterly results underscored the software maker’s resilience, thanks to relatively steady demand for corporate cloud-computing services, even if gains are less robust. Azure’s durability helped the company report growth even as sales of Windows software to PC makers plummeted amid a slumping market.
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