Microsoft Corp beat Wall Street estimates for quarterly results on Tuesday on pandemic-induced demand for the software giant's cloud-based services and gaming consoles as businesses moved to hybrid working and people entertained themselves at home.
Google Cloud have surged since last year when the COVID-19 pandemic shut offices and schools, pushing more activity online.
Azure's growth rate is the best direct measure of competition with rivals such as AWS and Google Cloud as Microsoft does not break out revenue from the cloud-computing unit. The supply chain issues affecting much of the global tech industry had mixed consequences for Microsoft. But Microsoft and its rivals have been unable to keep up with demand because of the global chip crunch.Microsoft's revenue from selling Windows to PC makers grew 10% year over year, beating the overall PC market, which only grew 3.9% over the same period because of supply constraints, according to data from IDC.
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