US technology giant Microsoft drew attention with its revenue and profit growth in the April-June period. The company experienced a 15 percent revenue increase and a 10 percent net profit increase in this period. Microsoft’s financial success exceeded market expectations and pleased its investors.
Microsoft increased its revenue by 15 percent and net profit by 10 percent in the April-June period
Microsoft considers the three-month period ending June 30 as the 4th quarter according to its financial calendar and announced its balance sheet for this period. Accordingly, the company’s revenue increased by 15 percent compared to the same period last year, reaching 64.7 billion dollars. In the same period last year, this figure was 56.2 billion dollars.
The company’s net profit increased by 10 percent in the same period and reached 22 billion dollars. In the same period last year, net profit was realized as 20.08 billion dollars. Microsoft’s earnings per share also increased from 2.69 dollars to 2.95 dollars during this period. This data shows that the company’s revenue and profit exceeded market expectations.
Microsoft’s Intelligent Cloud revenue increased by 19 percent in the April-June period compared to the same period last year, reaching 28.5 billion dollars. However, this increase fell short of market expectations. The company’s revenue from Azure and other cloud services increased 29 percent. This rate of increase, which was 31 percent in the previous quarter, was below market expectations.
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Microsoft CEO Satya Nadella, in his assessment of the company’s balance sheet, stated that the company’s strong performance reflects innovation and customer confidence. “As a platform company, we are focused on meeting the critical needs of our customers while enabling us to lead the artificial intelligence era,” Nadella said.
Microsoft aims to maintain revenue and profit growth while continuing to invest in artificial intelligence and cloud technologies. The company’s innovative approach and customer-focused strategy signal a strong performance in the future. Microsoft’s financial success continues to arouse great interest both in the technology world and among investors.
