Strong business cloud: Microsoft shares are primarily easier: Microsoft exceeds expectations | Message

The burgeoning cloud business with Internet IT services keeps software giant Microsoft on the path to success. In the last fiscal quarter (through the end of September), profits increased by 30% to 13.9 billion dollars (11.8 billion euros) compared to the same period last year, as Microsoft announced on Tuesday after. the closing of the US stock exchange in Redmond, Washington. Sales grew 12% to $ 37.2 billion. “Demand for our cloud offerings made the year a good year,” said Amy Hood, Microsoft’s chief financial officer.

Microsoft has clearly exceeded the expectations of Wall Street analysts. Profitable business with cloud services for other companies and apps continued to grow – Microsoft’s Azure platform increased revenue by 48%.

The group has also benefited from the pandemic-induced trend to work from home with its office programs. Microsoft is pushing its teams into the market with its software package, which competes with Slack communications software and Zoom video conferencing service. Teams now has more than 115 million daily active users compared to 75 million users in April, according to Microsoft chief Satya Nadella.

Many of the changes in the workplace that have been made as a result of the corona pandemic are expected to be permanent, Nadella said. “It is clear that people will need more flexibility when, where and how they work.” The economic performance of any company over the next decade will be determined by the speed of its digital transformation.

The gaming industry for Microsoft’s Xbox console and “Surface” tablets also enjoyed strong demand. There were sales increases of 30 and 37% respectively. Overall, the PC division, which also includes the Windows operating system, recorded a 6% increase in revenues to $ 11.8 billion.

Investors can expect even more, especially in video games. Microsoft will launch its new Xbox Series X gaming console this quarter. “We expect very strong demand for the launch of our next generation Xbox X and S series consoles,” Hood said.

Microsoft has so far not been able to damage the crown crisis, the share has increased by more than 36 percent since the beginning of the year. The company increased its market value by a third this year to $ 1.6 trillion.

Microsoft’s share listed on the NASDAQ is only briefly affected by the good results: in an initial reaction, it gained 1.22% to US $ 215.85, but is now preliminary 1.92% lower at 209. $ 15.

Editors of Finanzen.net / dpa-AFX

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