Microsoft Corp posted record quarterly sales sustained by pandemic-triggered demand for video games and accelerated adoption of its cloud computing services during the health crisis

The remote work era has been a boon for Microsoft In addition to its video game and cloud computing products, the company has seen strong sales for its Surface laptops as people have bought equipment to help them work from home out and facilitate distance learning, the use of Microsoft Teams workplace collaboration software, which was a priority for CEO Satya Nadella, has increased during the pandemic with the offer of services such as text chat and video conferencing

“What we saw last year is the beginning of a second wave of digital transformation that is sweeping every company and every industry,” said Mr Nadella said Tuesday

The software giant announced that its fiscal second quarter net income grew more than 30% to $ 15.5 billion, and revenue rose 17% to $ 431 billion, which exceeded Wall Street’s expectation of net income of $ 126 billion and revenue of $ 402 billion according to FactSet

Microsoft shares were up 4% after close of trading. The share gained more than 40% in the past year

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World news – USA – Microsoft’s profit jump in pandemic cloud, demand for video games

Source: https://www.wsj.com/articles/microsoft-msft-2q-earnings-report-2021-11611622268