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PERFORMANCE OF MICROSOFT EXCEEDED EXPECTATIONS
According to the news in CNN, Microsoft performed an economic performance that exceeded expectations in the second quarter of the year.
Yazar: Tom Roberts
Yayınlanma: 24 Temmuz 2020 15:27
Güncellenme: 7 Kasım 2024 12:56
PERFORMANCE OF MICROSOFT EXCEEDED EXPECTATIONS
Microsoft performed an economic performance that exceeded expectations in the second quarter of the year. According to the news in CNN, the technology giant, which had a good period thanks to cloud technology and aids to work remotely, generated $ 38 billion in revenue. Thus, Microsoft managed to increase its revenues by 13 percent compared to the same period last year, despite the epidemic.
Earnings per share in the second quarter exceeded the analysts' expectations of $ 1.34, to $ 1.46. Company CEO Satya Nadella said in the statement, “The last five months have shown that technology intensity has been the key to business flexibility. Organizations that have built their own digital talents will recover quickly and will come out of this crisis more strongly. ”
The appearance of a home-based work system that started with the worldwide epidemic will continue, doping the Microsoft 'smart cloud', 'personal computer' and productivity and business processes' divisions.
Revenue of the company's productivity and business processes division increased by 6 percent compared to the previous year and reached $ 11.8 billion. The biggest share in this is the 19 percent increase in Office 365 commercial sales. The revenue of the smart cloud division increased 17 percent to $ 13.4 billion, while sales of the personal computer rose 14 percent to $ 12.9 billion.
SMALL AND MEDIUM ENTERPRISES SLOWS DOWN
However, there are also sections below expectations. Competing with market leader Amazon Web Services, Microsoft's cloud technology Azure fell below 59 percent growth performance in the first quarter. Azure grew 47 percent in the second quarter. Another negative development for Microsoft is that the license acquisition of small and medium enterprises slows down. On the other hand, operating expenses of the company increased by 13 percent in the last quarter. Microsoft has announced that it will close all of its past 83 physical stores. In this way, it is expected to save 450 million dollars.
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