Microsoft profits soar on back of cloud

Microsoft has unveiled it earnings for the quarter ending June 30 and it has certainly given investors something to smile about.
Revenues for the fourth quarter stood at $33.7 billion, a year-on-year increase of 12%, while net income increased by 49% at $13.2 billion. For the full year, revenues totalled $125.8 billion while net income was $39.2 billion, a 137% increase on the previous year. Investors certainly seemed happy with the results, with Microsoft’s share price increasing 3.4% in