Microsoft Q2 Numbers Impressive, Thanks to Azure and a 51 Percent Increase in Xbox Revenue

Microsoft Q2 Numbers Impressive, Thanks to Azure and a 51 Percent Increase in Xbox Revenue

3 years ago
Anonymous $K6XgmDN5_o

https://wccftech.com/microsoft-q2-2021-earnings-report/

Microsoft (NASDAQ:MSFT) has delivered their results for the quarter ending December 31, 2020, and it was another impressive three months for the company. Partially driven by the ongoing COVID-19 pandemic, Microsoft continued to see significant growth in both their Intelligent Cloud and Business Productivity sectors, and the launch of the Xbox Series X and S boosted the company’s gaming division to its biggest quarter-on-quarter increase in a very long time. With only a couple exceptions, namely Windows OEM and Surface sales, every aspect of the company’s business was up by double-digits in Q2.

Microsoft scooped up revenue of $43.1 billion and net income of $15.5 billion during Q2 2021, a respectable 17 percent year on year increase for revenue and a whopping 33 percent increase for income. Earnings per share were $2.03, which is above the $1.64 per share analysts were expecting and 34 percent up compared to the same period the previous year. As of the publishing of this article, Microsoft stock has spiked as high as 9 percentage points in after-hours trading.

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