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Microsoft stock pumps after it sees two years of digital transformation in two months


Microsoft just dropped its earnings for the first quarter of 2020 and — as one might expect — worldwide coronavirus lockdowns were great for its bottom line. The Redmond tech giant posted $35 billion revenue and $10.8 billion net income in Q1, up 15% and 22% respectively when compared with the corresponding period last year. [Read: Microsoft reportedly plans to invest in India’s payments giant Paytm] Microsoft‘s commercial cloud arm grew fast, up 39% year-on-year to hit $13.3 billion. In fact, Microsoft‘s flagship cloud platform Azure posted 59% more revenue than in the same quarter in 2019. CEO Satya Nadella commented that the company has seen…

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