India, April 24 -- Software giant Microsoft Corp. (MSFT), Wednesday reported a profit for the third quarter that trumped Wall Street's estimates, as revenues also trounced expectations driven by growth in cloud business.
Redmond, Washington-based Microsoft reported third-quarter profit of $8.81 billion or $1.14 per share, up from last year's profit of $7.42 billion or $0.95 per share.
On average, 29 analysts polled by Thomson Reuters expected earnings of $1.00 per share for the quarter.
Revenues for the quarter grew 14 percent to $30.57 billion from $26.82 billion last year. Analysts had a consensus revenue estimate of $29.84 billion for the quarter.
"Leading organizations of every size in every industry trust the Microsoft cloud. We ar...