27-10-2020 21:19 via uk.finance.yahoo.com

Microsoft cloud business gathers steam as pandemic boosts growth

COVID-19 has speeded up a move toward cloud-based computing, helping companies such as Microsoft, Amazon.com Inc'scloud unit and Alphabet Inc'sGoogle Cloud.For Microsoft, it has also boosted demand for its Windows operating systems for laptops and its Xbox gaming services as families work, learn and play from home, leading to profit that was about 30% above expectations.Daily users of its Teams messaging and collaboration software have risen to 115 million from 75 million in April, the company s
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