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Cloud Services Bolster Microsoft Results, Shares Soar


Ron Burgundy
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An electronic Microsoft logo is seen at the Microsoft store in New York ahead of the launch of Windows 10Microsoft Corp reported better-than-expected quarterly adjusted revenue for the ninth quarter in a row, boosted by burgeoning demand for its cloud products, sending its shares soaring in after-hours trading on Thursday. The company, under Chief Executive Satya Nadella, has been shifting its focus to software and cloud services as demand for the Windows operating system slows in a weak PC market. Microsoft's shares rose as much as 9.8 percent to $52.75 in after-hours trading, their highest since March 2000.




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