Microsoft’s Nadella Posts Cloud Gains in Third Quarter
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Microsoft Corp.’s push into cloud computing, which is accelerating under new Chief Executive Officer Satya Nadella, is paying off.
Net income in the fiscal third quarter was $5.66 billion, or 68 cents a share, Redmond, Washington-based Microsoft said yesterday in a statement. That topped the average analyst estimate of 63 cents, according to data compiled by Bloomberg. Sales were $20.4 billion, matching projections.