Wednesday April 28, 2021
Decent jump in sales
The cloud and games make Microsoft grow
The trend towards home offices makes Microsoft look great in the Corona crisis. In the first quarter, sales increased by 19 percent. Growth is being driven primarily by the Azure cloud division. It has become more important to Microsoft than the Windows operating system business.
Microsoft has again presented strong quarterly figures and thus fired the enthusiasm of investors. These promptly brought the software giant close to a valuation of $ 2 trillion. Microsoft is benefiting from the cloud boom during the corona pandemic: remote working and distance learning have become the norm for many people. This has led to the rapid adoption of cloud computing services. Video game sales are also doing very well. “Over a year after the start of the pandemic, the digital adoption curves are not slowing down. They are accelerating,” says Microsoft CEO Satya Nadella.
The company from Redmond in the state of Washington increased its sales in the third fiscal quarter by 19 percent to around 41.7 billion US dollars. Net income for the January to March period was $ 15.5 billion. The results exceeded Wall Street’s expectations. In after-hours trading, Microsoft shares fell by 3.3 percent after the share had risen slightly in the run-up to the results.
Revenues in connection with the Azure cloud service rose by 50 percent, about as much as in the December quarter. Last year, Azure overtook Microsoft’s former workhorse, the Windows operating system, as the most important source of income. In the cloud business, Microsoft is number two behind Amazon. The video game business was also particularly strong in the pandemic. Xbox content and services revenue rose 34 percent in the past quarter. The launch of two new consoles, the Xbox Series X and S.
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