New: A weekly newsletter about the trends shaping cities

Stories

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

In this image, the Microsoft logo hangs in a warehouse.
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 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