Satya Nadella, chief executive, predicted tech spending would remain strong even if economic growth slowed.
hanging over the tech sector with a bullish forecast of strong revenue growth, adding nearly $US100 billion to its stock market value in after-market trading.
The confident prediction came as Microsoft revealed growth at Azure had re-accelerated in the latest quarter to produce the strongest performance for the cloud platform in nearly two years. Microsoft said revenue in its current quarter could reach as much as $US53.2 billion , compared with analysts’ expectations of $US52.8 billion.
Microsoft has faced criticism over recent licensing changes that have raised costs for customers using its software on rival cloud platforms.Revenue in the three months to the end of March grew 18 per cent to $US49.4 billion, while earnings per share rose to $US2.22. That compared with $US1.95 a share the year before, excluding a one-off tax benefit. Wall Street had been expecting revenue of $US49 billion and earnings per share of $US2.18.
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