Microsoft’s Cloud Business Drives Record Sales

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Microsoft’s Cloud Business Drives Record Sales
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Microsoft reported record quarterly revenue, lifted by cloud-computing growth, adding to the company’s momentum under CEO Satya Nadella

Microsoft Corp. reported record quarterly revenue on Thursday, lifted by cloud-computing growth, adding to the company’s momentum under Chief Executive Satya Nadella.

Revenue rose 12% from the same period a year earlier to $33.72 billion for the company’s fiscal fourth quarter ended in June, beating Wall Street estimates of $32.77 billion. Profit in the quarter also topped expectations.

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