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Microsoft s $46.2bn in revenue for its fourth quarter of 2021, and profits rising 47 per cent to $16.5bn, shows the continued strength in its cloud business, investors were told on Tuesday.
Analysts on average anticipated results more along the lines of $44.1bn, though company stock nonetheless slipped in after-hours trading, possibly due to declines in revenue from Windows hardware makers or perhaps just that the market is just down at the moment.
In a statement, Microsoft CEO Satya Nadella credited the mega-corp s performance in part to its cloud business, along with other business units.
“We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business,” he said.
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