The Software Titan, Microsoft, reported revenue of whopping $41.7 Billion for Microsoft’s fiscal Third Quarter (Q3) of 2021. This was a record growth of 19% – their highest since 2018 and, profits soared 44% to $15.5 Billion. As it stands now, their Non – GAAP earnings per share are $1.95. These figures beat analysts’ expectations, who expected a turnover of $41 Billion.
Microsoft is now approaching the vaunted $2 Trillion market capitalization milestone as their shares witnessed a 20% growth this year. The COVID – 19 Pandemic has seen demand for their cloud services soar, enabling rapid technology adoption, world – wide.
The Cloud segment provided the most impressive growth for Microsoft with a growth of 23% YoY, from the prior $15.1 Billion. The Pandemic saw a staggering increase in demand for Microsoft’s native cloud computing systems and allied services known as ‘Microsoft Azure’. The Windows & Xbox segment posted strong growth of 19% as well with a revenue of $13 Billion; Microsoft’s gaming earnings also, grew by 34% among strong growth indicators.
The overall growth in the Productivity & Business Process Division was up by 15% and posted a total of $13.6 Billion. This was credited to the astronomical rise in daily users of Microsoft Teams to a whopping 145 Million active users. LinkedIn posted a growth of 25%, driven by strong demand for advertising and Microsoft 365 subscriptions rise by 27% from last year.
