Microsoft earning beats estimates as Azure, XBox, Windows demand surge

Microsoft’s revenue rose 12% to $37.2 bn in the quarter ended Sept 30, beating analysts’ estimates of $35.72 bn. Net income rose to $13.89 bn from $10.68 bn a year earlier. It was benefited from the global shift to WFH and online learning. Besides the surge of cloud computing, for MS the pandemic has accelerated demand for its Windows OS for laptops and Xbox gaming services as families work, learn and play indoors.

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