Microsoft Beats Wall Street Targets in the Q4 Report, Cloud Business Booms
The global technology giant Microsoft Corporation has announced its quarterly profit and revenue report which has proved to be better-than-expected, marking a 10% jump in profit and beating analysts’ estimates. The company’s ever-growing Azure cloud computing services and Office 365 productivity suite have played a major role in this profitability.
Microsoft reported earnings of $1.13 per share on $30.09 billion in revenue, a 17.5 percent rise over a year ago that beats Wall Street expectations of $29.21 billion. Microsoft marked $110 billion in revenue for the year, increased by 14 percent from the previous year.
We had an incredible year, surpassing $100 billion in revenue as a result of our teams’ relentless focus on customer success and the trust customers are placing in Microsoft,...