(AP) As the pandemic raged through the U.S., Microsoft’s business was chugging ahead and beat Wall Street expectations for the last three months of 2020, powered by ongoing demand for its workplace software and cloud computing services as people worked from home.
The company on Tuesday reported fiscal second-quarter profit of $15.5 billion, up 33% from the same period last year. CEO Satya Nadella called it “the dawn of a second wave of digital transformation sweeping every company and every industry.”
Analysts said the coronavirus pandemic sparked a massive shift to the cloud — and to Microsoft — that will outlast the crisis.
