Microsoft doing better than expected
 

$40 billion in sales and $15 billion profit

Microsoft surpassed $40 billion in sales and $15 billion in profit in a quarter for the first time.

Vole has done well out of the COVID-19 pandemic, as companies rely on cloud computing from Azure and cloud-software offerings like Teams to keep employees connected while they work from home. Sales in the cloud and personal computer segments led the way in Tuesday’s report, easily beating expectations as demand for PCs and remote computing power continued through the end of 2020.

In the holiday quarter, Microsoft reported earnings of $15.46 billion on sales of $43.1 billion, strong growth from the same quarter a year ago,. Analysts on average expected Microsoft to report fiscal second-quarter earnings of $1.64 a share on revenue of $40.23 billion.

The company said that Azure grew 50 percent in the second quarter and that sales in its “intelligent cloud” segment grew to $14.6 billion from $11.87 billion a year ago. Analysts on average expected cloud revenue of $13.77 billion, according to FactSet.

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