Microsoft boosted revenue and profit in the final three months of last year with the pandemic accelerating the need for cloud computing for people working from home — and playing more internet-based games.
SAN FRANCISCO – 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.
The US technology stalwart reported net income of $15.5 billion in the final three months of last year, a 33% jump from the same period in pre-pandemic 2019.
Overall revenue rose 17% from a year ago to $43.1 billion, Microsoft said in its update for its fiscal second quarter.
“What we have witnessed over the past year is the dawn of a second wave of digital transformation sweeping every…
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