Microsoft sales rise as remote working lifts cloud services during coronavirus crisis
The world’s largest software maker said quarterly sales rose 15% to $35bn
New York — Microsoft said on Wednesday quarterly sales and profit rose, buoyed by demand for internet-based software and cloud services needed to accommodate a shift to remote working during the coronavirus crisis.
Profit in the period ended March 31 rose to $10.8bn, or $1.40 a share, the company said Wednesday in a statement. Sales rose 15% to $35bn. The results from the world’s largest software maker topped analysts’ average estimates for $1.28 a share in profit and $33.7bn in sales, according to data compiled by Bloomberg. Shares jumped in late trading...