Cloud growth helps Microsoft beat Wall Street expectations

Microsoft posted revenue of 37.2 billion dollars in the July-September period (PA)

Microsoft has reported quarterly earnings that beat Wall Street expectations, as it continued to weather the coronavirus pandemic amid increased demand for its flagship software and services.

The company reported fiscal first-quarter profit of 13.9 billion dollars (£10.6bn), or 1.82 dollars per share, beating Wall Street expectations of 1.54 dollars a share.