Microsoft cloud revenue reaccelerates, sending profit above Street estimates

By Stephen Nellis (Reuters) - Microsoft Corp on Wednesday reported fiscal second-quarter sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit. The results sent shares in the world's largest software company to all-time highs in after-hours trading. They also reflected the approach of Chief Executive Satya Nadella, who for five years has re-centered Microsoft around the cloud, renting out its computing power and technology to large businesses

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