Microsoft reports a 47% increase in net profits from Azure services

In its fiscal fourth quarter of 2021, Microsoft reported $46.2 billion and a net income of $16.5 billion.

Microsoft announced its fiscal fourth-quarter 2021 financial reports on Tuesday, July 27, covering the second calendar quarter of 2021.

The firm reported $46.2 billion in revenue, $16.5 billion in net income, and $2.17 in diluted earnings per share. As a result, Microsoft’s revenue climbed by 21% compared to the same quarter last year, while net income increased by 47%.

Microsoft stated in its financial highlights that Intelligent Cloud revenue rose, which was fueled by revenue growth in Azure services. Microsoft’s cloud computing platform is called Azure. According to the firm, revenue from server goods and cloud services surged by 34%, with Azure accounting for 51% of that increase.

The second-best category, productivity and business process, grew by 21% to $14.7 billion.

Personal computing (under the More Personal Computing brand) grew by 9% to $14.1 billion, with search driving the growth. Excluding traffic acquisition costs, search advertising-income climbed by 53%.

Windows Commercial products and cloud services sales increased by 20% among personal computer items. Meanwhile, revenue from Windows OEMs was down 3%, Xbox content and services revenue was down 4%, and Surface revenue was down 20%.

“Microsoft CEO Satya Nadella stated, “We’re inventing throughout the technology stack to help enterprises generate unprecedented levels of tech intensity across their business.”

“Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises we’ve built, such as gaming, security, and LinkedIn, all of which have surpassed $10 billion in annual revenue in the last three years,” says the company “Added he.

Microsoft’s financial statements and supporting documents, such as the earnings call transcript, are available here.

Source: Rappler

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