Microsoft cloud sales propel its shares to record high
Cloud growth powered Microsoft's market value past $1-trillion for the first time in April
19 July 2019 - 10:51
Bengaluru/San Francisco — Microsoft beat analysts’ estimates for fourth-quarter revenue and profit on Thursday, driven by continued sales increases from its cloud business, sending its shares to record highs.
Since CEO Satya Nadella took over in 2014, Microsoft has been shifting away from its Windows operating system software and towards cloud services, in which customers move their computing work to data centres managed by Microsoft...
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