Microsoft’s strong earnings, driven by Azure growth, boosted its stock value despite recent mass buyout offers, signaling robust financial health and strategic focus on cloud computing.
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Software giant reports $36.6bn in profit, beating Wall Street expectations, as Azure cloud computing division grows 48%Microsoft gained billions of dollars in stock market value Wednesday afternoon after it reported better than expected revenue and profit, just days after it offered voluntary buyouts to some 60,000 employees.The office software giant’s growth was fueled by its Azure cloud computing division, which grew by 48% in the September quarter. Continue reading...
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