• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

2

The 'golden passport': Argentina to offer citizenship for foreigners that make a $350,000 contribution to its treasury—or invest $800,000 in its bonds

3

Where Americans are moving by generation, according to U-Haul: Boomers pick the Carolinas, Gen Z picks Texas and California

1

Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

2

The 'golden passport': Argentina to offer citizenship for foreigners that make a $350,000 contribution to its treasury—or invest $800,000 in its bonds

3

Where Americans are moving by generation, according to U-Haul: Boomers pick the Carolinas, Gen Z picks Texas and California
Microsoft

Here’s Why Microsoft’s Share Price Is Soaring

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
July 19, 2016, 4:39 PM ET
Microsoft CEO Satya Nadella In India At Microsoft India Programme
NEW DELHI, INDIA - MAY 30: Satya Nadella, CEO of Microsoft Corporation, during the Microsoft India event Tech for Good, Ideas for India A conversation with young achievers, students, developers and entrepreneurs on May 30, 2016 in New Delhi, India. The India-born CEO, who is on his third visit to his home country since taking over as Microsoft head in February 2014, met Prime Minister Narendra Modi and other ministers to discuss issues pertaining to the IT sector and enhancing partnership for initiatives like Digital India. (Photo by Virendra Singh Gosain/Hindustan Times via Getty Images)Photograph by Virendra Singh Gosain — Hindustan Times via Getty Images
Google source logo
Add Fortune on Google for similar content.

Microsoft (MSFT) reported higher quarterly adjusted revenue, driven mainly by growth in the company’s cloud business.

The company’s shares jumped 3.5% to $54.91 in extended trading on Tuesday.

Revenue in the cloud business, which includes the Azure cloud platform as well as products related to server software, rose 7% to $6.7 billion.

Subscribe to Data Sheet, Fortune’s daily newsletter on the business of technology.

Under the leadership of Satya Nadella, the software behemoth has focused on the building the company’s expertise in cloud-based services amid slowing PC sales.

Nadella, who took the helm in early 2014, oversaw the company’s largest-ever deal last month when it acquired LinkedIn (LNKD) for $26.2 billion.

For more about Microsoft’s multi-billion dollar purchase of LinkedIn, watch:

The company posted net income of $3.12 billion, or 39 cents per share, for the fourth quarter ended June 30, compared with a loss of $3.2 billion, or 40 cents per share, a year earlier.

Adjusted revenue rose to $22.6 billion from $22.18 billion.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.