Quarterly revenue exceeds estimates from Microsoft

Quarterly revenue exceeds estimates from Microsoft
Quarterly revenue exceeds estimates from Microsoft

Window on the World – Subscribe to receive the most important news

Microsoft announced today, Tuesday, quarterly revenues that beat market estimates, supported by a growth in cloud computing activity as the software giant continues to benefit from a global shift towards work and learning from home.

Work from home accelerated the adoption of cloud computing, which has benefited companies such as Microsoft, Amazon.com, and Alphabet.

Microsoft said that revenue for the “smart cloud computing” segment increased 20 percent to $ 13 billion in the first quarter of its fiscal year, and analysts expected revenue of $ 12.7 billion, according to IPSS data from Refinitiv.

The personal computing division, which includes Windows software and the Xbox console, increased revenue 6 percent to $ 11.8 billion.

The company’s revenue grew 12 percent for the quarter ended Sept.30, beating analyst estimates of $ 35.72 billion.

Net income rose to $ 13.89 billion, or $ 1.82 per share, from $ 10.68 billion, or $ 1.38 per share, a year ago. Analysts expected a profit of $ 1.54 per share.

The situation in Egypt







Key words
Arab World News Arab News Local News Arabs Today is a window into the world

These were the details of the news Quarterly revenue exceeds estimates from Microsoft for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV JPMorgan fund arm quits Climate Action 100+ investor group
NEXT PIF-backed ACWA Power secures financing for $3.4bn solar plants