Plus: PC slowdown, chip shortages? Shut yer mouth – we’ve got loadsamoney
Microsoft announced healthy revenues for its third-quarter financial results on Wednesday, citing a growing demand in Microsoft 365 and its cloud services.
In an earnings conference call, CEO Satya Nadella gushed to investors and analysts about Redmond’s strong performance. “It’s the result of picking the right secular trends,” he said. The list was peppered with all the classic marketing buzzwords, like cloud and AI.
But before we take a dive into all the different sectors that make up Microsoft, here are the main figures, for the three months to March 31, summarized:
Microsoft’s, admittedly vaguely defined, commercial cloud brought in $9.6bn in revenue, up 41 per cent, year over year, said Amy Hood, Microsoft’s executive vice president and chief financial officer. We note that this “commercial cloud” must span various divisions in various ways, as you’ll see from the following breakdown of the numbers.
