Microsoft beats on top and bottom lines, driven by better-than-expected cloud growth

Microsoft beats on top and bottom lines, driven by better-than-expected cloud growth

Microsoft reported better-than-expected earnings and revenue for the fiscal first quarter, with a 16% year-over-year revenue growth and net income of $24.67 billion. The company restructured its business segments, combining mobility and security services with some Windows revenue into the Productivity and Business Processes unit. Revenue from this unit exceeded analyst expectations. Azure cloud services…

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