Coronavirus: Microsoft sees growth amid pandemic computing demands

Microsoft, revenues, climbed, past, quarter, strong, demand, cloud, computing, services, coronavirus, Covid-19

San Francisco, United States - CEO Nadella said Microsoft was equipped to deal with Covid-19 with its 'integrated, modern technology stack'.



By AFP

Published: Thu 23 Jul 2020, 2:26 AM

Last updated: Thu 23 Jul 2020, 4:32 AM

Microsoft said Wednesday revenues climbed in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers.
Profits in the quarter ending June 30 fell 15 per cent to $11.2 billion (Dh41 billion), the result of increased tax charges compared with a year ago.
Revenue meanwhile rose 13 per cent to $38 billion (Dh140 billion), led by strong gains in its cloud computing and its Xbox gaming operations.
Chief executive Satya Nadella said Microsoft was equipped to deal with the pandemic with its "integrated, modern technology stack."
"The last five months have made it clear that tech intensity is the key to business resilience," he said.
"Organizations that build their own digital capability will recover faster and emerge from this crisis stronger."
Microsoft shares dipped some 2.5 per cent in after-hours trade on the results, which were largely ahead of forecasts.
Revenue from Microsoft's "intelligent cloud" division which includes its Azure enterprise business rose 17 per cent to $13.4 billion (Dh49.2 billion) in the fiscal fourth quarter.
In the personal computing segment including the Windows operating system, revenues were up 14 per cent to $12.9 billion (Dh47.38 billion).
Within that segment, Xbox gaming service revenues rose 65 per cent and sales for its Surface devices were up 28 per cent.
Microsoft saw a more modest six per cent revenue rise in its productivity and business operations which include the Office software suite and LinkedIn.


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