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Microsoft revenue grows 17% YoY; gaming revenue shot up 51% to $5 billion

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  Revenue stood at $43.1 billion in Q2FY21 and grew by 17% YoY Net income stood at $15.5 billion in Q2FY21 and grew by 33% YoY Operating income stood at $17.9 billion in Q2FY21 and grew by 29% YoY respectively in the quarter ended December 31, 2020 () Xbox Series X and Series S saw record sales in a month after launch, demand exceeded supply this quarter and is likely to do so in Q3 as well Azure revenue grew 50% YoY LinkedIn, with 740 million users, posted 23% YoY growth Teams has 60 billion daily active users on mobile alone Gaming revenue touched $5 billion While the company released the Xbox Series X and Series S consoles towards the end of the second quarter (November 10), both saw record sales during the launch month. Gaming revenue surpassed $5 billion for the first time, registering a 51% YoY growth. Xbox's content and services revenue increased by 40% YoY.  During the earnings call, Microsoft's chief financial officer Amy Hood said the company saw “record engagement and monetization across our platform, as well as console demand that significantly exceeded supply” after…

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