Microsoft revenue beats as increased remote work fuels cloud efforts

  • Revenue for its “commercial cloud,” a combination of Azure and the cloud-based versions of software such as Office, rose 39% to $13.3 billion.
  • Revenue rose 15% to $35.02 billion in the third quarter ending March 31, beating estimates of $33.66 billion.
  • Net income rose to $10.75 billion, or $1.40 per share, from $8.81 billion, or $1.14 per share, a year earlier.
  • Microsoft also said it saw all-time-high engagement on its Xbox Live gaming service, with 19 million active users.