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Microsoft Sales Beat Street Hopes, Cloud Profits Up


Ron Burgundy
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Microsoft CEO Nadella speaks during a Microsoft cloud briefing event in San FranciscoBy Bill Rigby SEATTLE (Reuters) - Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact. The results on Thursday allayed fears of investors in recent days that the industry shift toward lower-margin cloud services was proving hard for established technology leaders to master. Microsoft shares, which have climbed 33 percent over the past year, rose another 3 percent in after-hours trading to $46.36. ...




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