Microsoft (MSFT) reports reports earnings expectations. The technology giant’s majority growth contributor was its Azure cloud division, pushing its market capitalization close to $2 trillion. For the quarter, the company reported $15.12 billion in revenue from the segment, a 23% year-over-year increase.
- Revenue of $41.7 billion was reported versus $41.05 billion expected.
- EPS of $2.03 was reported versus $1.78 expected.
- Intelligent Cloud reported $15.12 billion versus $14.9 billion expected.
- Personal Computing stood at $13.04 billion versus $12.6 billion expected.
“Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning. We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.” stated Microsoft CEO Satya Nadella.
A 10% year-over-year increase in Windows OEM revenue was reported, a 10% year-over-year increase in Windows commercial products and cloud services revenue, and Xbox and gaming revenue witnessed a 35% jump.
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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