Microsoft sees growth amid pandemic computing demands

Microsoft said Wednesday revenues climbed in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers.

Profits in the quarter ending June 30 fell 15 percent to $11.2 billion, the result of increased tax charges compared with a year ago.

Revenue meanwhile rose 13 percent to $38 billion, led by strong gains in its cloud computing and its Xbox gaming operations.

Chief executive Satya Nadella said Microsoft was equipped to deal with the pandemic with its “integrated, modern technology stack.”
“The last five months have made it clear that tech intensity is the key to business resilience,” he said.

“Organizations that build their own digital capability will recover faster and emerge from this crisis stronger.”