wordpress blog stats
Connect with us

Hi, what are you looking for?

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…

Please subscribe/login to read the full story.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

Free Reads

News

Telecom companies are against a regulatory sandbox, as they think information revealed by businesses during the sandboxing process might be confidential should be out...

News

According to a statement, the executive body of the European Union had also sought internal documents on the risk assessments and mitigation measures for...

News

The newly launched partially open-sourced LLM Grok-1 can be commercially used but not trademarked.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ