2 years ago (2016-07-20 16:48:05)

Microsoft Says Sharp Growth in Cloud Business Helps Lift Revenue

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Sharp growth in its commercial cloud computing business helped lift Microsoft Corp's quarterly revenue above Wall Street's expectations, sending the technology company's shares up more than 4 percent in after-hours trading. The new and growing cloud business - essentially selling computing services and storage in its data centers to corporate customers - is one of the priorities for Chief Executive Satya Nadella, who took the helm of the world's largest software company in early 2014 Nadella has refocused the company on cloud and mobile in the face of stagnation in its traditional PC-based Windows business.

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