Microsoft Revenue Reaches $81.3 Billion: Azure Cloud Services Remain the Main Growth Driver
Microsoft has released its results for the second fiscal quarter, demonstrating impressive growth in key financial indicators. The company’s revenue increased by 17% to $81.3 billion, while net income surged to $38.46 billion. Despite exceeding analysts’ expectations, the market reacted cautiously to the report.
The company’s primary source of revenue remains its Intelligent Cloud segment. Revenue in this division grew by 29%, while demand for Azure services increased by 39%. The productivity and business processes segment also showed stable performance: revenue from the Office suite rose by 16%, and LinkedIn revenue increased by 11%.
In contrast to cloud services, the personal computing and devices segment experienced a slight decline. Revenue from the division, which includes Windows, Xbox consoles, and Surface devices, decreased by 3%. A particularly noticeable drop was recorded in gaming content and services for Xbox, where revenue fell by 5%.
Investors expressed concerns over a slight slowdown in Azure’s growth rate, which led to a 6.1% decline in Microsoft’s share price during after-hours trading. Nevertheless, over the past year, Microsoft’s total market capitalization reached an impressive $3.57 trillion, reinforcing its status as one of the world’s most valuable and efficient companies.
In the ranking of U.S. companies with the highest quality of management, Microsoft confidently holds third place, trailing only Nvidia and Apple. In the current quarter, the IT giant plans to maintain the pace of development of its cloud systems, which remain the foundation of the modern digital economy.
ORIENT
