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Microsoft: revenue up 19% in Q3 2021 alone
The Covid-19 pandemic isn't just hurting people... especially for digital companies, Microsoft in the lead.
Buoyed by its cloud services, Microsoft announced that it had raked in $41.7 billion in revenue in the third quarter - ended March 31 - of fiscal year 2021. That's a huge number, and it's all the more impressive when you compare it to the same period last year. Back then, it was barely first containment and digital companies had yet to take advantage of the explosion in telecommuting and other digital needs. The result was a 19% year-over-year increase in revenue for Microsoft.
For 13.6 billion dollars, these revenues are made by the business & production division, which is obviously driven by the Office suite, but to which Microsoft also attaches the results of the social network LinkedIn and the subsidiary Dynamics. For Office, the increase in revenue was 22%, and it was even +25% for LinkedIn and +26% for Dynamics. Of course, Microsoft can also count on the success of its cloud service, since Azure products are stringing together record quarters. Thus, over one year between 2020 and 2021, the increase in cloud revenues are about +50%.
In the face of such figures, the results of the Surface division may seem almost anecdotal, they are in fact already remarkable. Indeed, on the sale of machines, Microsoft manages to grow by 12% with a total revenue of 1.5 billion dollars. However, in addition to the cloud, it is the gaming department that has achieved the best results. The video game, the console market and the Xbox range have the barometer in the right place and Microsoft can advance revenues up 50% over a year with a turnover of 3.53 billion dollars: this is simply the best quarter ever recorded by the department for six years that Microsoft unveils the financial results.