Cloud drives strong results for Microsoft
Microsoft’s commercial cloud business has generated $13.3bn in revenue according to its latest figures – a 39 percent jump compared to the same period last year.
The company has released robust results for the quarter ended 31 March 2020, achieving revenue of $35bn up by 25 percent and seeing a 23 percent increase in diluted earnings per share at $1.40 in comparison to the same period of last year.
“We’ve seen two years’ worth of digital transformation in two months. From remote teamwork and learning, to sales and customer service, to critical cloud infrastructure and security – we are working alongside customers every day to help them adapt and stay open for business in a world of remote everything,” said CEO, Satya Nadella. “Our durable business model, diversified portfolio, and differentiated technology stack position us well for what’s ahead.”