Microsoft’s Cloud Business Drives Record Sales

📆 19-07-19 01:50:00
📰 WSJ

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Microsoft reported record quarterly revenue, lifted by cloud-computing growth, adding to the company’s momentum under CEO Satya Nadella

Microsoft Corp. reported record quarterly revenue on Thursday, lifted by cloud-computing growth, adding to the company’s momentum under Chief Executive Satya Nadella.

Revenue rose 12% from the same period a year earlier to $33.72 billion for the company’s fiscal fourth quarter ended in June, beating Wall Street estimates of $32.77 billion. Profit in the quarter also topped expectations.

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With Microsoft CEO Satya Nadella gaining momentum after record quarterly revenue, equilarinc data notes that he realized a total compensation of $25,843,263 in 2018, indicating a 29% increase in pay from his 2017 earnings. $MSFT corpgov execpay

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