{"id":9317,"date":"2021-07-28T10:40:13","date_gmt":"2021-07-28T14:40:13","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=9317"},"modified":"2021-07-29T08:46:11","modified_gmt":"2021-07-29T12:46:11","slug":"microsoft-reports-cloud-growth-after-record-quarterly-profit","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/microsoft-reports-cloud-growth-after-record-quarterly-profit\/","title":{"rendered":"Microsoft Reports Cloud Growth After Record Quarterly Profit"},"content":{"rendered":"\n<p>Microsoft posted one of its most profitable quarterly results on Tuesday, despite falling PC sales due to the global chip shortage.<\/p>\n\n\n\n<p>This is because of the huge growth in the company&#8217;s cloud services.<\/p>\n\n\n\n<p>In the second quarter of 2021, Microsoft&#8217;s Azure computing business climbed 51% and total revenue rose 21% to $46.2 billion, beating analysts&#8217; consensus by nearly $2 billion.<\/p>\n\n\n\n<p>Remote working has increased the need for cloud-based computing, which makes companies like Microsoft very useful.<\/p>\n\n\n\n<p>Microsoft projected strong growth for the professional social network LinkedIn. Usage of LinkedIn increased during the quarter as there was an increase in jobs in many sectors.<\/p>\n\n\n\n<p>The company reported a profit of $2.17 per share, above the consensus forecast of $1.92.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/technology\/microsoft-beats-quarterly-revenue-estimates-2021-07-27\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Microsoft posted one of its most profitable quarterly results on Tuesday, despite falling PC sales due to the global chip shortage.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[62],"class_list":["post-9317","post","type-post","status-publish","format-standard","hentry","category-data-analytics","tag-microsoft"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/9317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=9317"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/9317\/revisions"}],"predecessor-version":[{"id":9362,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/9317\/revisions\/9362"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=9317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=9317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=9317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}