Microsoft profit and revenue fall, but cloud computing grows
January 30, 2016Grazed from Business-Standard. Author: Editorial Staff.
Satya Nadella has put cloud computing at the centre of Microsoft’s strategy. It is a move that looks to be paying off, at least in the eyes of investors. On Thursday the company said its revenue and profit fell in the last quarter. But it mattered little, as Microsoft made more from cloud computing, and its stock jumped more than five per cent immediately after the numbers were released.
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