Microsoft profit soars as pandemic speeds shift to cloud

San Francisco (AFP) – Microsoft said Tuesday profit rose sharply in the recently ended quarter as the coronavirus pandemic revved a shift to relying on services hosted in the cloud for work, play and socializing. The US technology stalwart reported net income of $15.5 billion in the final three months of last year, a 33 percent jump from the same period in pre-pandemic 2019. Overall revenue rose 17 percent from a year ago to $43.1 billion, Microsoft said in its update for its fiscal second quarter. “What we have witnessed over the past year is the dawn of a second wave of digital transformatio…

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