14 DAY TRIAL // Microsoft has posted its FY21 Q2 financial results, and unsurprisingly, it has been a pretty solid quarter for the software giant, with its cloud offering spearheading the market push worldwide.
More specifically, the Redmond-based software giant reported $43.1 billion in revenue, an increase of no less than 17 percent, while the operating income jumped 29 percent to reach $17.9 billion.
Nearly every single unit recorded a substantial increase in the last quarter.
For example, revenue in the Productivity and Business Processes reached $13.4 billion, an increase of 13 percent, with the Dynamics products and cloud services growing no less than 21 percent.
The Intelligent Cloud unit also recorded a substantial jump last quarter, reaching $14.6 billion thanks to an increase of 23 percent, with Azure alone going up 50 percent.
The More Personal Computing unit reported revenue of $15.1 billion, up 14 percent, with Windows OEM revenue going up just 1 percent. Surface revenue increased 3 percent, while Xbox content and services revenue increased 40 percent.
All hail Microsoft cloud
Microsoft CEO Satya Nadella obviously praised the company’s cloud offering for the way the overall business performed the last quarter.
“What we have witnessed over the past year is the dawn of a second wave of digital transformation sweeping every company and every industry,” said Satya Nadella, chief executive officer of Microsoft. “Building their own digital capability is the new currency driving every organization’s resilience and growth. Microsoft is powering this shift with the world’s largest and most comprehensive cloud platform.”
While 2020 has been an awful year for the entire world, the migration from the typical office to remote working has generated a huge increase for Microsoft’s cloud services, including for Microsoft Teams. The software giant said the number of daily active users reached 115 million, all following the growth recorded throughout 2020.