Microsoft quarterly earnings surge on cloud computing

Microsoft's revenue exceeded market expectations as demand for cloud computing and PCs powered by its software picked up during the pandemic. — AP Photo

Microsoft on Tuesday reported quarterly earnings the blew past market expectations, fueled by demand for cloud computing and Windows-powered machines.

The US tech titan said it made a profit of US$20.5bil (RM85.04bil) in the recently ended quarter on revenue that climbed to US$45.3bil (RM187.93bil) in a 22% increase from the same quarter last year.