Microsoft reports $36.6 billion profit as cloud revenue grows 30%
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The American technology company Microsoft has announced its financial results for the first quarter of its fiscal year. The company's net profit is $36.6 billion.
Microsoft reported significant revenue growth. The largest increase was in cloud services, whose revenue rose by 30%. Cloud services allow businesses and individuals to use software and store data over the internet, instead of on their own computers or servers.
Cloud services are one of Microsoft's main areas of business. The company offers the Azure platform, which is used by many businesses around the world for data storage and for running applications. Many companies in various countries, including in Europe, use such services in their everyday work.
The results show that interest in cloud technologies remains high. Detailed information on all of the company's business areas can be found in Microsoft's full financial report.
Sources: Forbes Bulgaria
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