Microsoft Corp (MSFT) topped second-quarter 2021 earnings, exceeding expectations on the top and bottom lines driven by its cloud and personal computing strength. Revenue of $43.1 billion was reported versus $40.2 billion expected, EPS of $2.03 was reported versus $1.64 expected. The company’s personal computing reported $15.12 billion versus $13.55 billion expected and Intelligent Cloud reported $14.68 billion exceeding market estimates of $13.76 billion.
“What we have witnessed over the past year is the dawn of the second wave of the digital transformation sweeping every company and every industry,” stated Microsoft CEO Satya Nadella.
Microsoft is currently the second-largest cloud provider behind Amazon and its Amazon Web Services suite of cloud offerings. The growth of the company’s cloud business continues to push the company’s stock price, as organizations across the world look for cloud offerings for their connected infrastructure needs. Microsoft’s consumer products also witnessed a rise in continued sales of home laptops and desktops as people worked from home amid the pandemic and also children attended online classes.
Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.
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