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Microsoft Profits From Cloud, and It's Catching Up to Amazon

Oct 24, 2019 - The New York Times
Financial Results

SEATTLE -- Microsoft doesn't have an iPhone. It isn't the Everything Store. It isn't a verb for ''search.''

But it sure is good at making money.

The company reported earnings Wednesday afternoon, and results showed that it continued to reel in huge profits. Sales for the latest quarter were $33.1 billion, up 14 percent from a year earlier, and profits rose 21 percent to $10.7 billion. The results easily beat analyst expectations.

Shares in Microsoft, one of the world's mos...