Microsoft Regains Turnaround Momentum on Strong Cloud Growth
- Azure sales almost double; Office 365 app revenue rises 43%
- Tax-rate benefit boosted per-share profitby 23 cents a share
Microsoft Profit Tops Estimates on Strength of Cloud
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Microsoft Corp.’s turnaround plan got back on track in the latest quarter, buoyed by rising sales of internet-based software and services.
Profit in the fiscal fourth quarter exceeded analysts’ estimates and adjusted sales rose 9 percent as demand almost doubled for Azure cloud services, which let companies store and run their applications in Microsoft data centers. A tax-rate benefit added 23 cents a share to earnings, Microsoft said.