Microsoft isn't just winning the techlash. It's also making huge profits
Microsoft isn't just winning the techlash, as we reported yesterday. It's also making a ton of money.
What's new: The company reported $30.6 billion in revenue and $8.8 billion in profits yesterday, exceeding expectations amid strength in both its growing cloud efforts as well as its legacy PC business.
- The earnings report sent its stock surging after hours, briefly giving the company a market capitalization of $1 trillion.
- Among U.S. companies, only Apple and Amazon have ever hit that mark.
The bottom line: The corporate computing business may not be as sexy as consumer markets, but it's steady and profitable.