2 February, 2018
Microsoft Sales Lifted By Cloud Computing
Microsoft has spent years adjusting its business to reflect a shift from traditional software sales to cloud computing services delivered over the internet.
It is a bet that continues to pay off for the company — as was evident in its quarterly earnings released Wednesday.
The report was blemished by a charge of $13.8 billion related to recent changes in tax law in the United States, which caused Microsoft to report a net loss. But putting aside the tax-related charge, which was widely expected and will probably impact other tech companies, Microsoft’s business showed the kind of growth that has attracted investors in recent years.