Microsoft Reaps Rewards of Its Cloud-Computing Business
Grazed from NewYorkTimes. Author: Editorial Staff.
A few years ago, Microsoft appeared to be another tech has-been, having whiffed on its efforts to compete in mobile phones and internet search. Although it is too soon to say whether Microsoft can pull off a full-blown renaissance the way Apple has, the company is firmly back in favor.
Not long after its shares reached another all-time high at the close of regular trading, Microsoft reported on Thursday that its profit in the most recent quarter more than doubled from a year ago. One reason for that jump was the failure of its mobile phone business, which produced big losses for the company in past years, yielding a $1.8 billion tax benefit that Microsoft was able to recognize last quarter…


Article Written by David Marshall