Microsoft Beats Analysts' Expectations as Cloud Revenue Jumps
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Microsoft Corp., in its second year under Satya Nadella, reported profit that exceeded analysts’ estimates as growth in cloud software sales and more expensive versions of server programs made up for slowing demand for personal-computer products.
Profit, excluding costs related to restructuring and integration, was 62 cents a share on sales of $21.7 billion in the fiscal third quarter ended March 31, the company said Thursday in a statement. Analysts had estimated 53 cents on sales of $21.1 billion, according to data compiled by Bloomberg.