Friday, 25 April 2014

Company shows strength in Q3 as cloud picks up

Otmane El Rhazi, Friday, April 25: Microsoft Corp (NASDAQ:MSFT), the world’s largest software company, today posted its financial results for the fiscal third quarter, beating analysts’ expectations as a push into cloud computing starts to pay off.

While the company’s profit fell in the third quarter, the decline was mainly due to a boost from one-time software upgrades a year ago. The profit figures beat Wall Street expectations, while revenue came in line with expectations.

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