Microsoft beats earnings expectations as cloud demand rises

clock • 2 min read
Microsoft is still riding high off the pandemic's boost to tech firms
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Microsoft is still riding high off the pandemic's boost to tech firms

Microsoft's Q3 earnings beat analysts' expectations, thanks to strong growth in cloud-services demand.

The software maker's revenue rose 18 per cent year-on-year to $49.4 billion in the third quarter of fiscal 2022 (ended 31st March) - above analysts' expectations of $49 billion - while net income r...

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