https://wccftech.com/microsoft-q3-2021-earnings-report/

Microsoft (NASDAQ:MSFT) has delivered another set of impressive results for the quarter ending March 31, 2021, and for the first time in a long time, it was the company’s Xbox division that arguably shone the brightest. Of course, the Azure cloud division continues to be a monster, but the continued success of the new Xbox Series X and S and the Xbox Game Pass subscription service drove gaming to huge year-on-year gains.

Microsoft scooped up revenue of $41.7 billion and net income of $17 billion during Q3 2021, a respectable 19 percent year on year increase for revenue and a whopping 31 percent increase for income. Earnings per share were $2.03, which is above the $1.78 per share analysts were expecting and 45 percent up compared to the same period the previous year. Surprisingly Microsoft stock has actually dropped around 3 percent in after-hours trading, as investors were perhaps hoping for even more.