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Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Future Decoded Tech Summit in Bengaluru, India, on Tuesday, Feb. 25, 2020. Microsoft will open a new data-center region in Spain, expanding their strategic partnership with Telefonica SA, according the the statement by Telefonica. Photographer: Samyukta Lakshmi/Bloomberg 775485115

Microsoft profit soars 48%

Microsoft's cloud-based software helped drive robust sales and profit growth, which topped analysts' estimates for an 11th straight quarter.