Microsoft (MSFT) Cloud Software Fuels Sales, Profit Beat

www.bloomberg.com

Wow! - Azure cloud sales rose 64%, compared with 73% growth in the previous quarter and 76% in the one before that. That continued deceleration has caused some concern among investors -- Azure revenue was routinely more than doubling as recently as two years ago. Still, swelling profit margins in cloud have helped to offset those worries. Margins will continue to widen in the new fiscal year, Hood said on a conference call.

Read more...
Linkedin

Want to receive more content like this in your inbox?