Microsoft on Tuesday reported quarterly earnings the blew past market expectations, fueled by demand for cloud computing and Windows-powered machines.
"Digital technology is a deflationary force in an inflationary economy," Microsoft chief executive Satya Nadella said in an earnings release. Personal computer sales – which had been waning in a world increasingly obsessed with smartphones – revived during the pandemic, as users relied more on home internet connections for work, school and social life.
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