Microsoft Corp. reported stronger-than-expected 2Q results (ending Dec. 31, 2020), driven by demand for its cloud computing services during the coronavirus pandemic. Shares of the software company increased 3.7% in Tuesday’s extended trading session. Microsoft’s (MSFT) 2Q earnings of $2.03 per share increased 34.4% year-over-year and crushed the analysts’ expectations of $1.64 per share. The tech giant's 2Q revenue grew 16.8% to $43.1 billion year-over-year and topped the consensus estimates of $40.2 billion. Microsoft’s CFO Amy Hood said, “Accelerating demand for our differentiated offerings drove commercial cloud revenue to $16.7 billion, up 34% year over year.
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