Microsoft reports strong growth for LinkedIn and cloud platform Azure in Q3 2020 - Business Insider

Advertiser demand went up 40% YoY on LinkedIn, while Microsoft's Azure saw revenues grow 48%.

Insider Intelligence analyzes this industry and several others to provide in-depth analyst reports, proprietary forecasts, customizable charts, and more. Spotlighting its focus on digital transformation, Microsoft announced strong Q3 2020 earlier this week. The tech giant's diversified portfolio of products and services for marketers and businesses fueled its 12% revenue increase this quarter.LinkedIn revenues grew 16% in Q3. With more than 722 million users worldwide, LinkedIn saw record-setting engagement levels on its platform. Microsoft credited a redesign that featured a new messaging experience, search functionality, and Stories.

Increased user engagement coupled with a recovering ad market means that advertisers are returning to LinkedIn. Microsoft said that advertiser demand on LinkedIn "returned to near pre-COVID levels" and was up 40% year over year . We estimate that LinkedIn's US ad revenues will grow 8.0% this year to $1.70 billion. The US B2B digital ad market will grow 22.

Commercial Office 365, which includes enterprise collaboration tool Teams, revenues grew 21% this quarter, as remote work remains the norm for many companies. This tracks with our estimates: This year, 69.0% of US companies with more than 100 employees will use communication and collaboration tools, up from the 54.0% of companies that used such tools last year.

thanks

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft Azure cloud revenue in Q1 was $6.3 billion: Analyst estimate - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why not $2T while you're at it? hblodget A 40x multiple?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Microsoft's Azure cloud is now bigger than the Windows: analyst - Business InsiderA Piper Sandler analyst says that Microsoft's Azure cloud is now bigger than the Windows business for the first time ever, as the CFO says that she sees 'more opportunity' for Azure than even a few quarters ago Never heard of if All cloud applications have just accelerated with remote work. Unfortunately, data is now more vulnerable. Cybersecurity will also accelerate. Cloud apps still have their flaws and weak points. Looking at you, box. You have one that is currently turning companies off and away.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Microsoft beats on sales and earnings as Azure growth outpaces expectationsMicrosoft beat across the board as it benefits from an accounting change to the way it deprecates server equipment. Fuck yea
Source: CNBC - 🏆 12. / 72 Read more »

Microsoft earnings beat expectations, driven by video game sales and cloud demandMicrosoft reported a solid quarter as the Covid-19 pandemic drove demand for its cloud and video game businesses Tony Bobulinski on Tucker Carlson tonight.His voice has been censored..by the media complex and social media big tech. Do you have first amendment right anymore? Take the time too tune in..
Source: CNN - 🏆 4. / 95 Read more »