Microsoft exceeds financial expectations, cloud revenue drives numbers
Microsoft's fourth-quarter earnings were higher than expected in 2021. Intelligent Cloud business revenue -- which includes Azure -- shot up. Yet, the stock market reacted with disappointment.
During the presentation of the figures, Microsoft CEO Satya Nadella indicates that the org is doing wel... Read more
Cloud offering drives Microsoft profits in last quarter
Microsoft's quarterly figures show its primarily generating revenue from cloud offerings. In the quarter that ended September 30, 2021, the cloud business accounted for the largest share of total revenue.
The tech giant posted total revenue of 40 billion euros ($45.3 billion) last quarter, an in... Read more
Microsoft cloud services revenue continues to grow
Last quarter, Microsoft saw its turnover grow by 12 percent to 32.5 billion dollars. Revenues from the Microsoft Azure cloud service grew by 76 percent. But contrary to expectations, the overall growth of cloud services and PCs declined. This is shown by the quarterly figures that Microsoft announce... Read more