As regular, Microsoft’s latest earnings report for Q1 2021 paints a rosy image. The corporate reported earnings of $37.2 billion, up 12 % from final yr, with a web revenue of $13.9 billion, a powerful 30 % bounce. The massive takeaway: The pandemic isn’t hurting Microsoft in any respect — in truth, it’s doubtless pushing the corporate’s profitable cloud and computing choices even additional. The corporate says its general cloud enterprise was up 20 %, reaching $13 billion, and its productiveness and enterprise processes group, which incorporates Workplace, rose 11 % to achieve $12.three billion.
Throughout Microsoft’s last earnings report, we famous that its Xbox and Floor enterprise rose sooner than regular because the COVID-19 pandemic reshaped the way in which we lived. They’re nonetheless trucking alongside steadily — Xbox enterprise is up 30 %, whereas Floor has grown by 37 % — however the gaming group is grown about half as quick as final quarter. That is sensible, although: Many avid gamers had been doubtless sitting tight to nab an Xbox Collection X or S pre-order, which had been solely obtainable for one week in Q1. Microsoft’s Floor gross sales are additionally 10 % larger than the earlier quarter, which could possibly be because of the want for extra PCs as digital education kicked off.
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