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Microsoft's cloud bet pushes annual sales over $100 billion

July 19, 2018 9:51 PM
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Microsoft's bet on the cloud helped propel the company to its first $100 billion sales year.

Microsoft (MSFT) said Thursday that it posted $110 billion in sales for the 2018 fiscal year ending in June, a 14% increase over the prior year. CEO Satya Nadella credited "early investments" in cloud services for the results.

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