Microsoft Sees Growth Amid Pandemic Computing Demands

Revenue from Microsoft's cloud division that includes its Azure enterprise business rose 17 percent in the fiscal fourth quarter.

HIGHLIGHTS

• Microsoft shares dipped some 2.5 percent in after-hours trade
• Microsoft has a market value of more than $1.6 trillion
• Revenue from Microsoft's intelligent cloud division rose to $13.4 billion

In the personal computing segment including the Windows operating system, revenues were up 14 percent

Microsoft on Wednesday reported rising revenues in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers and big gains in its Xbox gaming operations.

Profits in the quarter ending June 30 fell 15 percent to $11.2 billion (roughly Rs. 83,622 crores), the result of increased tax charges compared with a year ago.

Revenue meanwhile rose 13 percent to $38 billion (roughly Rs. 2.83 lakh crores), led by strong gains in its cloud computing and its Xbox gaming services.