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Microsoft appears to be following the coronavirus pandemic at its best. In its 2020 third quarter earnings report, Microsoft assured investors that COVID-19 has a “minimal net impact” on the company’s revenue.
The numbers don’t lie: they report on $ 35 billion revenue for the quarter, 15% more than last year, a net income of $ 10.8 billion (22% more). Not surprisingly, Microsoft has stated that There is a growing interest in the cloud among consumers and businesses.
“We’ve seen a two-year digital transformation, implemented in two months. From teamwork and distance learning, through sales and customer service, to critical cloud infrastructure and security: we work with customers every day to help them adapt and stay open to doing business in a world where everything is at a distance, “said Microsoft CEO Satya Nadella.
High demand for remote tools.
Microsoft Business and Consumer Revenue Office supplies increased by 13% and 15%, respectively.. Your Surface and Windows have also benefited from Increased demand for remote tools for work and learning., although due to supply problems in China, they did not register as much growth. The company says that OEM sales for Windows (what computer manufacturers pay) have held steady over the past year, while Surface’s revenue rose just 1%.
No wonder it’s on search engine revenue negatively affected COVID-19, something the media industry is experiencing on a larger scale. However, that segment grew 1%, nonetheless.
Source: Engadget
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