Microsoft Gets a Revenue Boost on Cloud Business Growth

Earnings Reuters

Microsoft Corp reported a 2.1 percent rise in quarterly adjusted revenue as growth in its cloud business helped to offset weakness in the personal computer market.

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The company's posted net income of $3.12 billion, or 39 cents per share, for the fourth quarter ended June 30, compared with a loss of $3.2 billion, or 40 cents per share, a year earlier.

Adjusted revenue rose to $22.6 billion from $22.18 billion.

 

(Reporting by Rishika Sadam and Narottam Medhora in Bengaluru; Editing by Saumyadeb Chakrabarty)