Microsoft Corp. posted record quarterly sales underpinned by pandemic-fueled demand for videogaming and accelerated adoption of its cloud-computing services.
The software giant Tuesday said fiscal second-quarter net income rose more than 30% to $15.5 billion. Sales advanced 17% to $43.1 billion. Wall Street expected sales of $40.2 billion and net income of $12.6 billion, according to FactSet. The remote work era has been a boon for Microsoft. In addition to its videogaming and cloud-computing products, the company has seen strong sales for its Surface laptops as people bought devices to work remotely and enable distance learning. And use of Microsoft’ssoftware that includes text chat and videoconferencing, and has been a priority for Chief Executive Satya Nadella, has jumped during the pandemic. Microsoft shares have risen more than 37% over the past year.
“What we have witnessed over the past year is the dawn of a second wave of digital transformation sweeping every company and every industry,” Mr. Nadella said.
Azure and O365 / Team growth is just amazing...same thing happening in Alicloud and DingTalk services - 400 million active corporate and educational users in China! Crazy digital transformation in history!
Why won't they advocate more lockdowns? Funny how personal interests regularly intersect with the public good
Really?
▌244 At least the schools & businesses are starting to slowly reopen already in the Biden administration. Corona will now soon go away.👍 Of all EO's to sign, Pres.Biden just gave Chyna access to US power grids, maybe necessary. Notime2waste.🔌 ▌244█