Microsoft's performance in the first quarter: The epidemic is good for cloud computing and gaming business
That due to the trend of mixed office and home entertainment during the epidemic , the demand for cloud services and computing games has increased. Microsoft's quarterly results released on Tuesday beat Wall Street expectations.
Microsoft , Amazon and Google cloud computing services offered rose after the outbreak of the new crown epidemic last year, which encouraged an increase in online activities .
Said Microsoft that unit revenue " smart cloud " the largest and fastest growing in the company rose by 31% to reach $ 17 billion. The average forecast by analysts is $16.58 billion.
When calculated at a fixed exchange rate, Azure revenue from cloud computing leader Microsoft increased 48%, topping analysts' average forecast of 47.5%.
Azure's growth rate is the most direct comparison between Amazon AWS and Google Cloud, because Microsoft has not released revenue data for the entire cloud computing business.
Microsoft appears to have stood up to the growing challenge of Google Cloud . Google Cloud announced on Tuesday that fourth-quarter revenue increased 45% to $4.99 billion, but failed to meet analysts' average estimate of $5.2 billion.
Other Microsoft companies , such as Windows software , the Teams messaging service, and the professional social network LinkedIn , also exceeded analyst expectations.
Supply chain issues affecting the global technology industry affect Microsoft to a limited extent.
Microsoft Executive Vice President and Chief Financial Officer Amy Hood (Amy Hood) said that although the company's data center construction costs have already increased, they can still be compensated to a certain extent, so after considering recent data center cost changes, The gross margin for the company's cloud business division continues to grow.
Microsoft said revenue for its Xbox games and accessories division increased 166%, mainly due to higher demand for new models after the pandemic forced millions of people to entertain at home.
But Microsoft and its competitors are unable to meet market demand due to the global shortage of chips.
Hood said the company expects Xbox game consoles to continue to be in short supply .
Microsoft Windows and PC sales revenue for the third quarter increased 10% year over year. According to data from market research firm IDC , affected by supply chain tightening, the overall growth rate of the global PC market is only 3.9%.
Hu De said the company's ability to exceed the overall growth rate of the PC market is mainly due to the improvement of Windows licensing business in the enterprise market.
Overall, Microsoft's revenue for the first fiscal quarter ended September 30 increased 22% to $45.32 billion, beating market expectations of $43.97 billion.
Net profit for the quarter rose to $20.51 billion, or $2.71 per share. The result included a net tax benefit of $3.3 billion, the company said.
Adjusted earnings per share for Microsoft for the quarter were $2.27, beating the average analyst estimate of $2.07 per share.
Microsoft's stock price is up about 40% this year, and it also rose slightly after the market on Tuesday.
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