The coronavirus, which continues to affect the whole world, has affected not only us, but also every sector, positively or negatively. Technology is at the forefront of the sectors that have achieved positive results from the virus. Giants of the industry began to announce new income statements one by one. Following Apple’s record earnings, Alphabet also announced its own revenue. The name that followed this duo was Microsoft.
According to Microsoft’s statement, the company has been operating in the last 3 months. $46.2 billion revenue achieved. This number increased by 21% compared to the same period of the previous year. Profit from the company’s $46.2 billion revenue $16.5 billion. There was a 47% increase in profit compared to the same period of the previous year.
Revenue above analyst estimates:
Microsoft’s revenue in the last quarter, by analisdollarser significantly above the estimates made happened. However, this did not have the expected effect on the company’s shares. Investors must have gotten used to the company’s revenue always being higher than analyst estimates; Microsoft stock fell 2.5%.
CEO of Microsoft Satya Nadella, shared a statement about the income obtained. Nadella said in her statement, “ Results show we achieve growth when we work well in large and growing markets and compare customers’ needs in different ways”.
Among the giants that announced its revenue in the last quarter today, Microsoft took the last place. Apple in the last 3 months $81.4 billion; Google’s parent company Alphabet $61.88 billion announced that he was earning income.