businessUpdated: Jul 23, 2020 09:05 ISTMicrosoft said the coronavirus pandemic has increased demand for its flagship products, reporting quarterly earnings Wednesday that beat Wall Street expectations. Microsoft on Wednesday reported fiscal fourth-quarter profit of USD 11.2 billion, or USD 1.46 per share, beating Wall Street expectations of USD 1.34 a share. It posted revenue of USD 38 billion in the April-June period, up 13 per cent from last year. The pandemic has made other parts of Microsoft’s business more appealing, including Xbox games and its workplace videoconferencing service known as Teams. One of its rivals, workplace chatting service Slack, filed a complaint against Microsoft on Wednesday in the European Union, accusing the software giant of anti-competitive behavior.

Source: Hindustan Times July 23, 2020 03:35 UTC