Apr 25, 2019 - Technology

Microsoft isn't just winning the techlash. It's also making huge profits

Ina Fried

Photo: Paco Freire/SOPA Images/LightRocket via Getty Images

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.

Go deeper: Learn more about Microsoft's teflon techlash on Pro Rata's podcast

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Microsoft isn't just winning the techlash. It's also making huge profits

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