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Microsoft Weekly: Flight Sim on console, Windows updates, and Q4 earnings
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Even as Microsoft’s cloud businesses such as Azure and Office 365 continue to see fast-rising demand, the company’s bets on its newer business lines are contributing significant growth as well, CEO Satya Nadella said Tuesday in the US.
During the company’s quarterly call with analysts, Nadella pointed to “new franchises” such as security, which has become one of the biggest areas of investment for Microsoft in recent years. At the company’s Inspire partner conference this month, for instance, Nadella said that “the Microsoft cloud is the only cloud with best-of-breed and best-of-suite security capabilities.”
The software giant has also acquired three cybersecurity companies in 2021 so far, most recently with the acquisition this month of privileged access startup CloudKnox Security.
Microsoft CEO Nadella Touts ‘New Franchises’ In Security, Gaming, LinkedIn As Cloud Growth Surges
The company has been bringing a stronger focus on emerging business lines such as security, and the investments have been paying off, Microsoft CEO Satya Nadella said during the company’s quarterly call with analysts on Tuesday. By Wade Tyler Millward July 27, 2021, 08:50 PM EDT
Even as Microsoft’s cloud businesses such as Azure and Office 365 continue to see fast-rising demand, the company’s bets on its newer business lines are contributing significant growth as well, Microsoft CEO Satya Nadella said Tuesday.
During the company’s quarterly call with analysts, Nadella pointed to “new franchises” such as security, which has become one of the biggest areas of investment for Microsoft in recent years. At the company’s Inspire partner conference this month, for instance, Nadella said that “the Microsoft cloud is the only cloud with
Microsoft blows past earnings estimates on continuing strong cloud growth
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Microsoft Corp. continued its recent record of smashing earnings expectations with fiscal fourth-quarter results that handily beat analyst estimates on growth in its cloud business that has accelerated since last quarter.
The company reported sales of $46.2 billion today, up 21% from the same period last year. Profit surged 47%, to $2.17 a share, well ahead of analysts’ estimates of $1.90.
After initially declining about 2% when results were announced, Microsoft shares rallied and were up about 1.5% after-hours. The stock is up nearly 30% for the year, compared with about a 20% gain in the S&P 500.
Microsoft results show demand for automation and AI
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