Reuters
Microsoft Corp reported quarterly revenue and profit that beat analysts' expectations, driven by aggressive cost cutting and growing demand for its cloud products and services.
Chief Executive Satya Nadella has focused on cloud services and mobile applications on slower growth in its traditional software business. Companies moving much of their information technology off premises, part of the cloud-computing trend, proved a bright spot.
"The enterprise cloud opportunity is massive, larger than any market we have ever participated in," Nadella said in a conference call.