Microsoft’s net profit and income increased


Considering the October-December period of last year as the second quarter of the fiscal 2021, Microsoft announced that its net profit increased by 33 percent compared to the same period of the previous year and reached 15.5 billion dollars. The company’s net profit was $ 11.7 billion in the same period of 2019.

In the said period, the company’s revenue increased by 17 percent from $ 36.9 billion to $ 43.1 billion.

The company’s earnings per share also increased from $ 1.51 to $ 2.03 during this period.

During the said period, Microsoft’s revenue in the cloud segment increased 23 percent to $ 14.6 billion, while the revenue of the Azure platform increased by 50 percent. Revenue from Microsoft’s game console series Xbox rose 40 percent in the same period.

“What we witnessed last year is the start of a second wave of digital transformation that has taken every company and industry by storm,” Microsoft Senior Manager Satya Nadella said in his assessment on the subject.

Nadella noted that Microsoft is strengthening this transition with the world’s largest and most comprehensive cloud platform.


Source: Dünya Gazetesi by www.dunya.com.

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