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…
- Platforms No Longer Have to Remove “Harmful” Legal Content Under the UK’s Online Safety Bill November 29, 2022
- Tamil Nadu Ordinance Banning Online Gambling Expires In Absence of Governor’s Assent: Report November 29, 2022
- Elon Musk says Apple is threatening to remove Twitter from the App Store, and more November 29, 2022
- US Judge Allows $4.7 Billion Class Action Lawsuit Against Google By 21 Million Individuals November 29, 2022
- AIIMS denies ₹200 crores ransom demand, servers remain down for 7th day November 29, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...