Microsoft profit soars as pandemic speeds shift to cloud

Microsoft said Tuesday profit rose sharply in the recently ended quarter as the coronavirus pandemic reinforced the shift to relying on services hosted in the cloud for work, play and socializing.

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(FILES) In this file photo taken on March 5, 2018 the logo of French headquarters of American multinational technology company Microsoft, is pictured in Issy-Les-Moulineaux, a Paris suburb. - Software giant Microsoft will let employees work from home permanently if they choose to, US media reported on October 9, 2020, becoming the latest employer to expand work-from-home provisions prompted by the Covid-19 pandemic. (Photo by GERARD JULIEN / AFP)

2021-01-27 08:30:08

Microsoft said Tuesday profit rose sharply in the recently ended quarter as the coronavirus pandemic reinforced the 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.

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