Microsoft achieved strong gains during the COVID-19 pandemic as businesses rely on cloud computing from Azure and in cloud software offerings like Teams to keep employees connected from House.
The technology giant surprised with a year-on-year increase in profits from 31%, driven especially by the divisions of Azure and Xbox.
Between July and December 2020 (the first half of its fiscal year), the company earned $ 29,356 million, surpassing the 22,327 million announced in January 2020.
The Redmond firm billed in the past six months $ 80.230 million, a 15% above the 69,961 million entered in the same period of the previous year.
Sales in the cloud and personal computers segments led the way in Tuesday’s report, easily exceeding expectations as demand for PCs and remote computing power continued through the end of 2020.
The company’s shares rose more than 4% in after-hours trading after the announcement, after stocks set a new all-time closing high of $ 232.33 in the regular session, surpassing a previous record of September 2, 2020.
Microsoft shares have risen by 40.8% in the last 12 months.
The product that has most excited investors and analysts in recent years has been Azure, Microsoft’s cloud computing rival to AWS.
The company said Tuesday that Azure grew a 50% in the second trimester.