October 23, 2019 / 8:13 PM / a month ago

Microsoft beats profit estimates but cloud growth slows

Oct 23 (Reuters) - Microsoft Corp beat analysts' quarterly profit estimates on Wednesday, but growth in its Azure cloud computing platform slowed from a year earlier.

The software maker's net income rose to $10.68 billion, or $1.38 per share, in the quarter ended Sept. 30 from $8.82 billion, or $1.14 per share, a year earlier. [bit.ly/2W9G9Bc ]

Revenue rose to $33.06 billion from $29.08 billion a year earlier.

Analysts had expected a profit of $1.25 per share on revenue of $32.23 billion, according to IBES data from Refinitiv.

Reporting by Noor Zainab Hussain in Bengaluru Editing by Saumyadeb Chakrabarty

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