The pandemic has accelerated a move already under way toward cloud-based computing, helping companies such as Microsoft, Amazon.com Inc's cloud unit and Alphabet Inc's Google Cloud. For Microsoft, it has also boosted demand for its Windows operating systems for laptops and its Xbox gaming services as families work, learn and play from home, leading to profit that was about 30% above expectations. "It was another healthy quarter, with continued demand for remote offerings continuing to power results," Microsoft Chief Financial Officer Amy Hood told Reuters in an interview. Read More...
Reuters
Microsoft beats sales estimates as Azure growth ticks upward
The pandemic has accelerated a move already under way toward cloud-based computing, helping companies such as Microsoft, Amazon.com Inc’s <AMZN.O> cloud unit and Alphabet Inc’s <GOOGL.O> Google Cloud. For Microsoft, it has also boosted demand for its Windows operating systems for laptops and its Xbox gaming services as families work, learn and play from home, leading to profit that was about 30% above expectations. “It was another healthy quarter, with continued demand for remote offerings continuing to power results,” Microsoft Chief Financial Officer Amy Hood told Reuters in an interview.
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