October 18, 2021

The Queens County Citizen

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Microsoft Increases Revenue Thanks to Cloud Computing and Gaming

Microsoft Increases Revenue Thanks to Cloud Computing and Gaming

Microsoft Revealed his income In the second quarter of the 2021 financial year, from October to December 2020. Like other technology giants, the Redmond company has picked up its um and recorded record figures increased by the Kovid pandemic-19.

The company earned $ 43.1 billion, up 17% from a year earlier. Its net income.5 15.5 billion (+ 30%). That’s more than analysts expect $ 40.2 billion in revenue and $ 12.6 billion in revenue. ” What we saw last year was the second wave of digital transformation in all businesses and industries. Building their own digital potential is the new currency that drives every company’s resilience and growth. Microsoft is supporting this evolution by providing the largest and most complete cloud computing platform in the world “Microsoft CEO Satya Nadella said.

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Surprisingly, the company’s cloud computing division, Azure, achieved strong growth with a 50% increase in revenue as many companies are leaning towards this solution to make their work easier. Behind Amazon and its Amazon Web Services, Microsoft is the second largest cloud service provider in the world. In Europe, the Redmond company shares the podium with e-commerce giant Google.

PC has already run its course directly as a result of the sales growth and the need for high-performance hardware for teleworking, which was already recognized in the previous quarter. So what Microsoft calls revenue ” Personal computing Increased by 14% to reach »15.1 billion. Surface computers, for their part, produced 3% more. The release of the new Xbox, Series X also boosted Microsoft’s revenue as revenue from Xbox content and services increased by 40%. The next generation console became the best-selling device in the first month of Microsoft’s launch.

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Amy Hood, Microsoft’s chief financial officer, expects the annual fiscal year to be at the same stage rather than convincing in the second fiscal quarter.