Jamie McKane
MyBroadband Journalist
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Microsoft sales top estimates due to cloud profits
Microsoft Corp.’s cloud-fueled turnaround persisted in the fiscal fourth quarter, when sales and profit got a boost from customers signing up for more internet-based storage, processing and Office productivity software.
Profit in the period ended June 30 rose to $8.87 billion, or $1.14 a share, topping the $1.08 average per-share estimate of analysts polled by Bloomberg.
[Bloomberg]
Microsoft Corp.’s cloud-fueled turnaround persisted in the fiscal fourth quarter, when sales and profit got a boost from customers signing up for more internet-based storage, processing and Office productivity software.
Profit in the period ended June 30 rose to $8.87 billion, or $1.14 a share, topping the $1.08 average per-share estimate of analysts polled by Bloomberg.
[Bloomberg]
