Microsoft has surpassed estimates for its quarterly earnings, pushed by hovering demand for its cloud computing merchandise as companies change the best way by which workers work.
The corporate noticed income rise to $45.32bn (£32.92bn) within the three months to September 30, up by 22% from $37.15 billion a yr earlier.
It’s the firm’s quickest price of progress since 2018 – and the outcomes have positioned Microsoft’s share worth on monitor to hit a document excessive.
Microsoft additionally reported income of $20.5bn (£14.89bn) in web revenue, rising 48% year-on-year, as cloud gross sales jumped by nearly $4bn (£2.91bn) from a yr in the past.
As extra firms have adopted hybrid working fashions for the reason that begin of the pandemic, cloud software program suppliers have seen gross sales soar.
Microsoft stated Azure and its different cloud companies had grown by 50% since final yr.
The corporate has weathered a sequence of embarrassing headlines since Could, when it was revealed that the corporate’s founder Invoice Gates had carried out an affair with an worker in 2000, after which subsequently despatched inappropriate emails to a different member of Microsoft’s workers in 2007.
Microsoft executives warned him to cease sending flirtatious emails the next yr, the corporate has confirmed.
Mr Gates’s ties to intercourse offender Jeffrey Epstein have additionally been closely scrutinised since 2019, whereas the billionaire formally divorced from his spouse of 27 years in August.