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); } Minecraft modders peddling wares through the games official mod marketplace have made a combined $350 million off of their creations since the Mojang-sanctioned portal went live in 2017. Microsoft noted as much in its quarterly investor call yesterday, highlighting Minecraft as an example of how the company is creating tools and opportunities that help build out the economic side of the metaverse concept more and more games are getting cozy with. "As games evolve into metaverse economies,...

Business Highlights Revenue in Productivity and Business Processes was $13.6 billion and increased 15% (up 12% in constant currency), with the following business highlights: Office Commercial products and cloud services revenue increased 14% (up 10% in constant currency) driven by Office 365 Commercial revenue growth of 22% (up 19% in constant currency) Office Consumer products and cloud services revenue increased 5% (up 2% in constant currency) and Microsoft 365 Consumer subscribers increased ...

Microsoft beats earnings estimates with $41.7B in revenue, up 19%, and $15.5B in profit, up 44% April 27, 2021 at 3:31 pm A quiet Microsoft campus during the COVID-19 pandemic. (GeekWire Photo / Todd Bishop) Microsoft beats earnings estimates: The Redmond, Wash., tech giant reported $41.7 billion in revenue for the March quarter, up 19% year-over-year — its biggest revenue growth since 2018 — and profits of $15.5 billion, up 44%. Non-GAAP earnings per share was $1.95. Analysts expected reve...

Business 24 mins ago The company said its Azure public cloud, which competes with market leader Amazon Web Services, grew 50%, faster than the 46% growth analysts had expected, according to a CNBC review of 14 equity research notes. In the prior quarter Azure revenue grew 50%. Microsoft does not disclose Azure revenue in dollars. With respect to guidance, Microsoft is expecting $43.6 billion to $44.5 billion in revenue in the fiscal fourth quarter, said Amy Hood, Microsofts finan...

Markets In a report issued on April 23, Matthew Hedberg from RBC Capital maintained a Buy rating on Microsoft (MSFT – Research Report), with a price target of $290.00. The company’s shares closed last Friday at $261.15, close to its 52-week high of $261.78. According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 29.0% and a 72.3% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Zoom Video Communication...

Posted on January 28, 2021 by Nick Farrell - News Microsoft posted strong second quarter figures, showing a sizable increase to both revenues and profits as a shift to remote working continues. Revenues surged by 17 percent year on year to $43.1 billion while operating income grew by 29 percent to $17.9 billion. In a webcast following the results, CEO Satya Nadella told investors that we are amid “the dawn of a second wave of digital transformation sweeping every company and every industry�...

The PC, Windows, and console sales elevated both AMD and Microsoft.

January 27, 2021 Microsoft posted revenues of $43.1 billion and a net income of $15.5 billion for the quarter ended December 31, 2020, up by 17% and 33% respectively on an annual basis. The tech-giant’s growing during the second quarter of the financial year was driven by the persistent demand for cloud services as well as the Xbox launches boosting the gaming segment. Key takeaways  Net income stood at $15.5 billion in Q2FY21 and grew by 33% YoY Operating income stood at $17.9 billion in Q2...

FY21 Q2 results buoyed by cloud demand, pandemic-driven IT focus Share Copy Microsoft far exceeded expectations for its second-quarter fiscal 2021 financial results, posting $43.1bn in revenue, an increase of 17 per cent. With analysts anticipating only about $40.18bn on average, surprised investors snapped up company stock in after-hours trading, sending shares up about five per cent. Satya Nadella, CEO of Microsoft, credited the better-than-expected earnings to "a second wave of digit...

International Business News: The US technology stalwart reported net income of $15.5 billion in the final three months of last year, a 33 percent jump from the same period in pre-