Microsoft has revealed a significant increase in revenue and profit for its first quarter of 2021 despite the pandemic that has affected companies around the world. The computer giant revealed that revenue rose 12% to €37,2 billion in the quarter ending September 30, 2020, with net profit up 30% to €13,9 billion. of dollars. Success has been fueled by growth in a number of key Microsoft business areas, with cloud computing, Office, LinkedIn and Microsoft Teams all honored by accolades. Get the best Xbox Series X deals before anyone else! We'll send you pre-order details and the best Xbox Series X deals as they become available. Please send me details of other relevant Techradar products and future brands. Please send me details of other relevant third party products. No spam, I promise. You can unsubscribe at any time and we will never share your data without your permission.
Microsoft's growth
Unsurprisingly, as companies around the world migrated to remote work, Microsoft's cloud division saw a huge surge. The company's Azure business grew 48% year-over-year, and revenue from server products and cloud services also increased 22%. However, Office products also saw strong increases in business and consumer offerings, with Office 365 business revenue growing 21% year-over-year and Office Consumer products and services. cloud by 13%. The number of Microsoft 365 Consumer subscribers grew to 45,3 million, an increase of 27% over last year, and revenue for LinkedIn rose 16% year-over-year, the social network now reaching 722 million users. Elsewhere, Surface revenue rose 37% to €1.5 billion, not to mention no new Surface devices launched in the quarter, and Xbox content and services revenue increased 30%. % – A figure that is expected to continue to rise after the launch of its new generation of Xbox Series X and S Series gaming consoles on November 10. “The next decade of economic performance for every business will be defined by the speed of its digital transformation,” said Satya Nadella, CEO of Microsoft. "We are innovating across all of our modern technology to help our customers across all industries improve time to value, increase agility and reduce costs." “Demand for our cloud offerings led to a strong start to the year with our business cloud revenue generating €15,2 billion, up 31% year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft. "We continue to invest to seize the significant opportunity ahead to drive long-term growth."