Mi­crosoft profit up on shift to cloud

Muscat Daily - - BUSINESS -

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.

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