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Old 28th October 2021, 08:35   #1
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Default Microsoft sees silver lining in cloud

Clouds are booming

Software King of the World Microsoft forecast a strong end to the calendar year thanks to its booming cloud business but said supply chain woes will continue to dog key units such as those producing its Surface laptops and Xbox gaming consoles.

The company beat what the cocaine nose jobs of Wall Street expected for its first quarter ended 30 September thanks mostly to cloudy services making shedloads of cash.

First-quarter revenue growth for Azure, the company's flagship cloud-computing business, came in at 48 per cent in constant currency to beat analysts' estimates of 47.5 percent.

Microsoft’s executive vice president and chief financial officer Amy Hood said that the company also expected "broad based growth" for the unit in the fiscal second quarter.

https://fudzilla.com/news/53769-micr...ining-in-cloud
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