Microsoft profit up on shift to cloud
Microsoft reported that its quarterly earnings has lifted on the back of its shift to focusing on computing services hosted in the internet cloud. The US technology giant said it made a profit of US$6.5bn in the recently ended quarter as revenue rose to US$23.3bn.
About US$7.4bn of the revenue in the quarter came from ‘intelligent cloud’ offerings that are part of Microsoft shedding its legacy of packaged software and embracing a future in which computing power is hosted online as a service.
“Innovation across our cloud platforms drove strong results this quarter,” said Microsoft CEO Satya Nadella.