Microsoft Sales Tops Estimates as Nadella Revamp Advances
This article is for subscribers only.
Microsoft Corp.’s quarterly sales topped estimates on cloud-computing growth and recovering personal-computer sales, as Chief Executive Officer Satya Nadella shows progress in his effort to revive the company.
Revenue at the ailing Nokia handset business, which Microsoft acquired earlier this year, also topped projections, while sales of Azure cloud software and Web-based versions of Office programs more than doubled. Total revenue in the first fiscal quarter, which ended Sept. 30, rose 25 percent to $23.2 billion, compared with analysts’ average estimate for $22 billion, according to data compiled by Bloomberg.