Microsoft's profits jump by 21 percent thanks to Office and the cloud
, company reported revenue of $51.7 billion with profits of $18.8 billion . As usual, Microsoft has its unstoppable cloud business to thank, as well as a decent showing from its PC group, Office and other business products. Its Intelligent Cloud business grew by 26 percent, reaching $18.3 billion, while its Productivity and Business group saw revenues increase by 19 percent to reach $15.9 billion.
There weren't any true major weak links this quarter — even Surface revenue, which Microsoft previously expected to dip a bit, grew by 8 percent thanks to strong Surface Laptop sales. Windows OEM revenues also increased by 25 percent, not a huge surprise since the overall PC industry is still going strong. Where the PC business goes, Microsoft's revenues will follow, after all.
While Microsoft's earnings reports have basically looked the same over the last few years — Cloud good! Revenues grow! — the company's numbers will look a bit different once it finalizes itsin 2023. At the very least, we'll get to see how much the new Microsoft Gaming division actually helps Microsoft's overall business.
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Martin Freeman's actress ex, 21-year girlfriend age gap & son's famous godfatherThe Responder actor Martin Freeman, who plays Chris Carson in the BBC police drama, was in a long-term relationship with Amanda Abbington, who was his on-screen wife in Sherlock
Les mer »
See a young Celine Dion with baby in sweet photo as her son turns 21Celine Dion celebrates the 21st birthday of son René-Charles with an adorable throwback baby photo of him with late husband René Angélil.
Les mer »
The 21-year-old College Cuber makes $8,000 mosaics of sports stars using cubesDylan Sadiq had plans to go into engineering until the pandemic forced him to recalibrate. He's now an artist, selling mosaics to pro sports teams.
Les mer »
21 Awesome Ways to Lose Weight With Yogurt | Eat This Not ThatYogurt is the ultimate weight-loss food. Here are the most slimming and delicious ways to add it to your diet!
Les mer »
Alaska reports 21 COVID-19 deaths, 3 of them recent, and limited Anchorage ICU spaceAlaska on Monday reported 21 more deaths in Alaskans with COVID-19, three of them recent, as the state continues to grapple with surging cases linked to the highly transmissable omicron variant of the coronavirus
Les mer »