Microsoft posts $15.5bn second-quarter profit

In a statement, chief executive Satya Nadella called it “the dawn of a second wave of digital transformation sweeping every company and every industry”.

The company beat Wall Street expectations (Niall Carson/PA)

Microsoft has beaten Wall Street expectations for the last three months of 2020 despite the pandemic raging through the US.

The figures were powered by ongoing demand for its workplace software and cloud computing services as people worked from home.