Microsoft said Tuesday profit rose sharply in the recently ended quarter as the coronavirus pandemic reinforced the shift to relying on services hosted in the cloud for work, play and socializing. Overall revenue rose 17 percent from a year ago to $43.1 billion, Microsoft said in its update for its fiscal second quarter. Microsoft shares were up more than five percent after-market trades that followed release of the earnings figures. The Xbox Live online service for game-play and content now has more than 100 million subscribers, according to Nadella. - Hybrid work future -Nadella expected the shift to cloud services and remote work to linger even after the pandemic is a thing of the past.

Source: Mint January 27, 2021 01:41 UTC