<p>Microsoft reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network.<br /><br /></p>.<p>The US tech giant on Thursday said profits rose 3.6% in the second fiscal quarter to $5.2 billion, while revenues edged up 1% to $24 billion.<br /><br />The US tech giant, which is shifting away from dependence on software to a broader array of services, said the LinkedIn acquisition boosted its revenue in the last three months of the year but dragged on profit.<br /><br />Microsoft, which bought LinkedIn as part of its efforts to make better connections with customers, said the deal added $228 million in revenue but erased $100 million in net profit.<br /><br />Chief executive Satya Nadella said the results confirm the new direction for Microsoft in areas such as cloud computing and artificial intelligence.<br /><br />“Our customers are seeing greater value and opportunity as we partner with them through their digital transformation,” he said in a statement.<br /><br />“Accelerating advancements in AI across our platforms and services will provide further opportunity to drive growth in the Microsoft Cloud.”<br /><br />Microsoft reported a 10% jump in revenue from its productivity and business products, which include its Office suite of programmes such as cloud-based Office 365.<br /><br />Revenue in Microsoft’s “intelligent cloud”, which includes a range of services for the enterprise, rose 8%.</p>
<p>Microsoft reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network.<br /><br /></p>.<p>The US tech giant on Thursday said profits rose 3.6% in the second fiscal quarter to $5.2 billion, while revenues edged up 1% to $24 billion.<br /><br />The US tech giant, which is shifting away from dependence on software to a broader array of services, said the LinkedIn acquisition boosted its revenue in the last three months of the year but dragged on profit.<br /><br />Microsoft, which bought LinkedIn as part of its efforts to make better connections with customers, said the deal added $228 million in revenue but erased $100 million in net profit.<br /><br />Chief executive Satya Nadella said the results confirm the new direction for Microsoft in areas such as cloud computing and artificial intelligence.<br /><br />“Our customers are seeing greater value and opportunity as we partner with them through their digital transformation,” he said in a statement.<br /><br />“Accelerating advancements in AI across our platforms and services will provide further opportunity to drive growth in the Microsoft Cloud.”<br /><br />Microsoft reported a 10% jump in revenue from its productivity and business products, which include its Office suite of programmes such as cloud-based Office 365.<br /><br />Revenue in Microsoft’s “intelligent cloud”, which includes a range of services for the enterprise, rose 8%.</p>