Ghana

Microsoft’s strong quarter boosted by cloud and Xbox sales

microsoft

dpa/GNA – Microsoft significantly exceeded expectations in the last quarter thanks to a strong performance from its cloud business and a boost from increased Xbox sales.

Sales rose by 17 per cent to 43.1 billion dollars in the second fiscal quarter, which ended at the end of December, the software giant announced after the US stock market closed on Tuesday.

Analysts had expected around 40 billion dollars.

Profits jumped 33 per cent year-on-year to 15.5 billion dollars.

Microsoft chief executive Satya Nadella switched the company’s focus to cloud services – offering computing power and software from the web.

In the “intelligent cloud” division, revenue grew 23 per cent to 14.6 billion dollars last quarter.

A key factor in this was a 50 per cent increase in business for the Azure cloud platform, a Microsoft competitor to Amazon and Google.

Microsoft also saw a 40 per cent jump in revenue from the Xbox gaming console business, which saw the release of a new model.

Revenue from the Windows operating system increased by 10 per cent, while revenue from tablets and notebooks in the company’s Surface line grew by 3.5 per cent to just over 2 billion dollars.

In the past year, it has become particularly clear that a second wave of digital transformation is coming, which will affect every company and every industry, Nadella said.

Microsoft expects continued growth in the current quarter. Its stocks were up by as much as 4 per cent after the announcement.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to newsghana10[email protected] and via WhatsApp on +1-508-812-0505 

Football news:

Bruno is 1-0 for 7 games against the big Six this season in the Premier League. He scored only for Tottenham (1-6)
Antonio Conte: Inter were 15 points behind Juve before I arrived. We are developing
Zinedine Zidane: Real Madrid are good, they have regained their confidence. With Sociedad, we must play as we know how
Mourinho on 4-0 with Burnley: The victory was needed for the sake of the smiles of the Tottenham players. Happy with Bale
Bale after Burnley double: My form is coming back. We must work hard and not talk nonsense
Golovin scores points every 32 minutes in 2021 - best result in Ligue 1
Beckham on Messi and Ronaldo: These are the players we want to sign at Inter Miami