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Microsoft’s Cloud-Computing Strength Fuels Revenue, Profit

  • Software giant gets a boost from demand for Azure, Office 365
  • Shares climb following 11th straight sales, earnings beat
Photographer: Krisztian Bocsi/Bloomberg
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Microsoft Corp.’s cloud-based software helped drive robust sales and profit growth, which topped analysts’ estimates for an 11th straight quarter.

Revenue in the first quarter, ended Sept. 30, climbed 22% to $45.3 billion, the Redmond, Washington-based software maker said Tuesday in a statement. That exceeded the $43.9 billion average estimate of analysts polled by Bloomberg. Profit excluding a tax gain rose to $2.27 a share, compared with predictions for $2.07. Sales forecasts by division for the current period also topped projections.