Microsoft bets on cloud growth as it continues to battle PC sales slump

Increased revenue across Microsoft’s cloud computing, Office software, and server segments have helped the tech giant see its net income reach $18.3 billion for the March quarter, an increase of 9% year-on-year.

Server products and cloud services both saw revenue growth of 17%, with Azure revenue up 27%, while Office commercial products and cloud services revenue also grew by 13% this quarter. The overall company revenue for the quarter increased 7% to $52.9 billion.

The changes Microsoft has made to its software offerings have clearly worked in the company’s favor. Three months after launching its new Basic subscription tier, the company reported that its Microsoft 365 consumer subscription numbers have now topped 65.4 million, representing a 12% increase in the company’s third quarter.

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Source:: Computerworld