Microsoft beat market forecast when releasing quarterly results on Tuesday, posting $ 41.7 billion in revenue, thanks in part to growth in cloud-related revenue (remote computing services) .
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“After more than a year of pandemic, the curves of digital adoption are not slowing down. They are accelerating and this is only the beginning, ”
warned Microsoft boss Satya Nadella in a press release.
“We are building the cloud for the next decade by expanding our potential market and innovating in every layer of the tech industry to help our customers be resilient and transform,”
he added.
According to data from Factset, analysts had expected revenues of $ 41.04 billion in the third quarter of the staggered fiscal year of the Redmond group (Washington, western United States).
Microsoft's net profit stood at $ 15.5 billion, above the 13.5 billion expected by the market.
Reported per share and excluding exceptional items, the benchmark on Wall Street, profit stood at $ 1.95 (against $ 1.78 expected).
Cloud service and video games
The strong financial health of the company rests in part on its business cloud services, an area where it grossed $ 17.7 billion, an increase of 33% in one year. Microsoft also recorded an increase in its revenues linked to video games via its Xbox console and the various adjoining services (+ 34%), to the professional social network LinkedIn (+ 25%), to online advertising research tools (+ 17% ) or its Windows operating system (+ 10%).
Microsoft's stock, which has climbed more than half in a year, fell 3.4% in electronic trading after the Wall Street close.
“These very good results are an accomplishment for Microsoft, but they caused a spontaneous reaction in the stock market with movements to sell the stock because Wall Street was hoping for even better turnover
,
”
commented Dan Ives of Wedbush Securities.
"The cloud remains at the heart of the upward trajectory to come"
for the company, nevertheless estimates the analyst, who predicts that the remote computing activities of Microsoft will soon reach the 1,000 billion dollars of valuation.