Microsoft weathers pandemic, revenue up 13% in June quarter

Microsoft weathers pandemic, revenue up 13% in June quarter”

This contributed to the company's $38.0 billion in total revenue for the fourth quarter, a 13% increase year-over-year. But the group's net income fell to $11.20 billion, or $1.46 per share, from $13.19 billion, or $1.71 per share, a year earlier.

Some of the key announcements made during the event include enhancements to Azure Lighthouse by bringing Multi-Factor Authentication and Privileged Identity Management support; Azure Stack HCI, the latest in Microsoft's hybrid portfolio and now in public preview, that brings hybrid capabilities to customers' datacenters while enabling them to leverage existing skills and investment; and new bundled services for Lenovo Managed Services that are created to help small- and medium-sized businesses support Microsoft software productivity, security, and collaboration.

"Organizations that build their own digital capability will recover faster and emerge from this crisis stronger". Network with peers in the networking lounge, speed networking, exhibit hall, fun networking, games, and parties! Microsoft said revenue from its commercial cloud operations surpassed $50 billion for the first time ever in the latest fiscal year.

Meanwhile, the price of business enterprise bookings - an critical indicator of foreseeable future profits - grew by 12 for every cent.

Investors pushed Microsoft's stock 29 per cent higher in the June quarter.

The revenue of LinkedIn that has announced to lay off almost 1,000 people increased 10 per cent.

More news: Oil prices steady as weak dollar balances low demand

Revenue in Intelligent Cloud was $13.4 billion, a 17% increase year-over-year, representing increased cloud usage and demand. Those numbers also represented a less rosy picture than the previous quarter, when commercial cloud revenue rose 39 per cent and margins improved by 4 per cent.

Revenue from the unit, the largest by sales, rose 14 per cent to US$12.9 billion, beating analysts' estimates of US$11.46 billion.

Surface revenue increased 28%, while search advertising revenue decreased 18%.

On June 26, Microsoft said it would close its brick and mortar stores, which led to a one-time charge of $450 million, or 5 cents per share.

Though not noted in the financial report, Microsoft replaced dozens of jobs in editorial by using AI to aggregate news for Microsoft News, MSN and Microsoft Edge. That forecast was slightly lower than the $35.91 billion that analysts had projected, according to Refinitiv. The shares, which had risen 1.4 per cent to US$211.75 on Wednesday in NY trading, fell as low as US$204.52 in extended trading. Additionally, to deliver a more secure workplace, the new Microsoft Endpoint Data Loss Prevention in Microsoft 365 will help customers identify and protect information on endpoints.

Like this



25 July 2020
One Direction surprises fans with social media comeback on 10th anniversary
Whether you're a One Direction fan or not, you will have seen that today marked ten years of one of the world's biggest boybands. He added, "Too many incredible memories to mention but not a day goes by that I don't think about how wonderful it was".

25 July 2020
Trump and GOP ally vow Confederate base names won't change
Unemployed Americans are now receiving $600 more a week in jobless benefits to offset the economic devastation of the pandemic. Afterward, Mnuchin declared that the administration had reached a "fundamental agreement" with Senate Republicans.

25 July 2020
Premier League 2020-21 Season to Begin on September 12
The current campaign is set to end Sunday after the season was suspended for three months due to the coronavirus pandemic .

25 July 2020
No timetable for Zion Williamson's return to Pelicans
If Williamson were not testing daily, he would have had to quarantine for at least 10 days. Williamson left the NBA Bubble in Orlando on July 16 to deal with a family medical matter.

25 July 2020
Mel Gibson Hospitalized For A Week With Coronavirus In April
Actor Mark Blum died on March 26, also from complications from coronavirus. "Time. He is the latest celebrity to reveal he had tested positive for the coronavirus .

24 July 2020
Top Gun: Maverick: Tom Cruise starrer movie gets new release date
The coronavirus-induced release date delays continue, as the sequels to Spider-Man, A Quiet Place , and Top Gun have been pushed back.

24 July 2020
United can not afford to lose concentration at Leicester, says Ole Gunnar Solskjaer
Leicester goalkeeper Kasper Schmeichel has jumped to the defence of David De Gea following criticism levelled at the Manchester United number one .

24 July 2020
Montreal Formula 1 cancelled due to COVID-19
All four Formula 1 2020 races in the Americas - Canada, U.S, Mexico and Brazil - have been cancelled due to COVID-19. Formula 1 expects to have 15 to 18 races, with the season-ending in Bahrain and Abu Dhabi in December.

24 July 2020
Trump to address school reopenings at briefing on Thursday -White House
Many took to Twitter claiming that Halkett had called McEnany a "lying b--h", but the reporter denied using the vulgar phrase. The answer to your question is, I DID NOT. "It's egregious and the American people deserve better".

24 July 2020
Rhea Chakraborty calls Sushant Singh Rajput the ‘Hero of her life
Directed by Mukesh Chhabra, " Dil Bechara " stars late Sushant Singh Rajput and debutante actress Sanjana Sanghi in lead roles. We will all watch your film today...heavy hearted! The actor was found dead at his Bandra residence on June 14, 2020.