The pandemic-driven shift to remote work has boosted consumer appetite for cloud-based computing, helping companies including Microsoft, Amazon.com Inc's cloud unit and Alphabet Inc's Google Cloud.
NEW YORK: Microsoft Corp posted its most profitable quarter on Tuesday, beating Wall Street expectations for revenue and earnings, as demand soared for the software giant's cloud-based services.
However, its shares dipped 2.8% in after-hours trading, following the company's year-to-date run of 30% that left investors with high expectations for the quarter.
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