The last quarter was extremely successful for the high-tech giant Microsoft. The company’s profit and revenue for the period ended in December has exceeded forecasts.
The net income for the quarter has amounted to $ 11.6 billion. The profit has totaled $ 1.5 per share. For the same period a year earlier, the same indicator was 1.1 US dollars.
The revenue has increased 14% to $ 37 billion. Last year, it was equal to 32.5 billion US dollars.
Analysts forecast earnings of around $ 1.3 per share. The company’s revenue was not expected to exceed $ 35.7 billion.
The revenue for the cloud service and server software business unit has grown nearly 30% to $ 12 billion.
The office application development unit has increased its revenue by 17% – $ 11.8 billion. Sales in the segment of products and services for corporate clients have increased 16%.
Revenue from sales of operating systems, Xbox consoles and Surface devices has grown 2% to $ 13.2 billion.
According to company forecasts, in the next quarter, the revenue may rise to $ 35 billion. According to the results of the fiscal year, the indicator will have to grow by 10%.
At Wednesday’s session, the company’s shares showed an increase of 4%. Since the beginning of this year, Microsoft’s market value has grown by 6.5% to $ 1.25 trillion.
The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group