The company on Tuesday reported $37.2 billion in revenue for the three months ending in September, well above Wall Street analysts’ prediction of $35.8 billion.
Revenue in Microsoft’s (MSFT) intelligent cloud segment reached $13 billion, up 20% from the year-ago period, including 48% year-over-year growth in Azure revenue. Personal computing revenue was up 6% to $11.85 billion, thanks to a boost from Xbox and Microsoft Surface devices sales.
Earnings for the quarter were $1.82 per share, exceeding the $1.55 per share analysts had forecast.
“The next decade of economic performance for every business will be defined by the speed of their digital transformation,” Nadella said on a call with analysts Tuesday.
Analysts say the company’s cloud business growth is still in its early days.
“This cloud shift and WFH dynamic looks here to stay and the company stands to be a major beneficiary of…
