Friday, 24 March, 2023

Microsoft's cloud business keeps profits flowing in tougher times

<p>Microsoft reported a better-than-expected quarterly profit on Tuesday. Strong performance at its cloud services business helped offset a slump in the personal computer market. The upbeat results will likely allay fears of a meltdown in the tech industry. Sales at Microsoft&#39;s More Personal Computing segment declined 19% to $14.2 billion as the PC market continued to shrink.Azure ended 2022 with 30% share in the cloud computing market, up from 20% in 2018.</p>