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Microsoft reports 'blowout' quarter - Finance


Microsoft is seeing a re-acceleration of growth in its Azure cloud platform, which helped drive results that blew past Wall Street expectations for the company’s latest quarter.
The Redmond, Wash.-based company on Tuesday reported that revenue for Azure spiked 50 percent during its fiscal second quarter of 2021, ended Dec. 31, compared to the same period a year earlier. That’s even faster growth than during Microsoft’s previous quarter sequentially, when Azure revenue had climbed 48 percent year-over-year.
In total, the company reported revenue of US$43.08 billion for its fiscal Q2. That’s up 16.7 percent from US$36.91 billion during the same quarter a year ago, and well above the Wall Street consensus estimate for the quarter of US$40.18 billion. ....

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