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Strong cloud business boosts Microsoft’s quarterly results

July 19, 2016 by · Leave a Comment 

(Reuters) – Microsoft Corp reported higher quarterly adjusted revenue, driven mainly by growth in the company's cloud business. The company's shares jumped 3.5 percent to $54.91 in extended trading on Tuesday. Revenue in the cloud business, which includes the Azure cloud platform as well as products related to server software, rose 7 percent to $6.7 billion. Under the leadership of Satya Nadella, the software behemoth has focused on the building the company's expertise in cloud-based services amid slowing PC sales. …

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Strong cloud business boosts Microsoft’s quarterly results

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