Microsoft profits soar as cloud demand continues in pandemic

Microsoft’s business beat Wall Street expectations for the first three months of 2021 (Thibault Camus/AP)

Microsoft’s profits soared during the first three months of 2021, thanks to ongoing demand for its software and cloud computing services during the pandemic.

The company on Tuesday reported fiscal third-quarter profit of 14.8 billion dollars (£8.26 billion), up 38% from the same period last year.