fbpx

Microsoft, war and


Despite inflation and uncertainty about the war in Ukraine, Microsoft on Tuesday financial results This presented little threat to the fundamentals of his work.

Microsoft said its sales in the first three months of the year were $49.4 billion, up 18 percent from the previous year. Profit rose 8 percent to $16.7 billion.

Microsoft, like many tech companies, has experienced a surge in demand from the pandemic, but unlike Netflix and others, it has seen continued growth. Microsoft executives said they’re facilitating “durable” ways for their customers to thrive in the digital age, which will only increase their use of technology and mean more business for the company.

“Going forward, digital technology will be the key input powering the world’s economic output,” said Satya Nadella, the company’s CEO.

Revenue for cloud offerings for commercial customers, which includes Microsoft’s Azure computing platform and Office 365 subscriptions, rose 32 percent to $23.4 billion.

Azure, the flagship cloud computing product, grew 46 percent.

Russia accounts for less than 1 percent of Microsoft’s revenue, and the ripple effect that some analysts initially feared didn’t materialize when Russia invaded Ukraine, the company’s chief financial officer Amy Hood said in March. Bank of America, for example, wrote in a recent check with Microsoft’s partners that it “has not observed a slowdown in broader war-related spending across Europe.”

Microsoft’s personal computing business grew 11 percent to $14.5 billion, with sales of the Windows operating system that came pre-installed on new computers rose 11 percent, a sign that inflation hasn’t hurt the purchase.

Microsoft’s results first included the company’s acquisition of artificial intelligence software company Nuance. $16 billion deal It closed at the beginning of March.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

(0)