Microsoft Corp on Wednesday beat Wall Street sales and profit expectations, powered by sharp demand for its Teams chat and online meeting app and Xbox gaming services as the world shifted to working and playing from home because of the novel coronavirus pandemic.
). The demand influx strained Microsoft’s data centers, forcing it to limit new cloud customers’ usage and prioritize healthcare and government users.
Responding to analysts’ questions, Microsoft executives declined to specify when they would start charging Teams customers on free trials. “Immediate term, we are mostly building out the relationships, adding new customers, adding intensity and usage in existing relationships,” Nadella said on the call.
Microsoft said revenue for its “commercial cloud,” a combination of Azure and the cloud-based versions of software such as Office, rose 39% to $13.3 billion. Revenue in the Intelligent Cloud segment, which includes Azure, rose 27% to $12.28 billion, beating analysts’ consensus estimate of $11.87 billion according to IBES data from Refinitiv.
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