Microsoft Racks Up More Cloud Customers
Techlife News|October 26, 2019
Microsoft Racks Up More Cloud Customers
Microsoft this week reported its latest solid quarterly report card to Wall Street, buoyed by another round of business customers signing up for its cloud computing services.

The company reported a fiscal first-quarter profit of $10.7 billion, up 21% from the same period last year.

The net income of $1.38 per share beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The software maker posted revenue of $33.1 billion in the July-September period, up 14% from last year and also beating forecasts. Ten analysts surveyed by Zacks expected $32.2 billion.

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October 26, 2019