Microsoft smashes earnings expectations with strong cloud performance

Associated Press

Microsoft profit up 24% in quarter, driven by cloud growth

Growth in Microsoft’s cloud computing business helped push its profit up 24% in the July-September quarter over the same time last year. The Redmond, Washington-based tech company on Tuesday reported quarterly profit of $17.2 billion, or $2.27 per share, beating Wall Street expectations of $2.08 per share. Microsoft profits have soared throughout the pandemic thanks to ongoing demand for its software and cloud computing services for remote work and study.