Microsoft Corp.’s cloud business is continuing to serve as a source of strong profits even as the company spends heavily to expand its offerings and acquire new customers. The Redmond, Wash., software giant Wednesday posted stronger fiscal second-quarter earnings on record sales, driven by growth in its cloud-computing offerings. Gross margins for the commercial cloud business, which includes Azure computing services and Office 365 applications, grew to 67%. And while margins for the business rose for a fourth-consecutive...

Source: Wall Street Journal January 29, 2020 21:34 UTC