The week that is called Technology Week in stock markets and the tables of technology giants are eagerly awaited has started. First, Microsoft’s second-quarter charts were released and fell short of expectations.
Microsoft second quarter results
According to the statement, in the second quarter of the year, Microsoft generated a total revenue of 51.87 billion dollars and experienced a 12 percent increase. Net income grew 2% to $16.74 billion. However, the rise rates of the previous quarter were not achieved and remained below expectations.
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The Smart Cloud division, which includes cloud and server services, generated $20.91 billion in revenue and increased by 20 percent. The Personal Computing division rose 2 percent with $14.4 billion in revenue, but Windows and Xbox sales fell.
Subscription and software services increased 13 percent to $16.6 billion. Microsoft 365 subscribers increased to 59.7 million, while Xbox Cloud Gaming subscribers increased to 10 million. The firm’s last 12-month revenue increased 18 percent to $198 billion, while net income increased 19 percent to $72.7 billion.
It is stated that the difficulties will continue in the rest of the year with the restrictions in China due to COVID, the effects of the Ukraine war and global inflation. In addition, competition is expected to intensify during this period.
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