Microsoft earnings rise on its growing cloud business

Microsoft posted its fourth quarter earnings today, reporting revenue of $22.6 billion and net income of $5.48 billion. The most important data point was that revenue from the company's Azure cloud division was up significantly, climbing over 100 percent year over year, as usage more than doubled. That gain helped to offset losses in the Personal Computing division, which was down 4 percent, dragged by a 70 percent decline in revenue from mobile phones.
"This past year was pivotal in both our ow