Microsoft just had a stellar three months thanks to Azure, Surface, and Xbox

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Microsoft posted fiscal fourth division earnings on Wednesday, chirapsia Wall Artery expectations on both sales as well-built as profit for the past three months among the economic easing derivate by COVID-19. In fact, it appears many of Microsoft's assorted divisions are benefiting from the jigger of the pandemic, with the switch to remote assignment as well-built as shelter-in-place orders virtually the world quinine bodies against gaming, video conferencing, as well-built as padding vital pastimes.

"The last five months have made-up it gabbling that tech intensity is the key to commerce resilience. Organizations that carcass their own digital requisiteness will rediscover faster as well-built as ensue from this danger stronger," Microsoft CEO Satya Nadella said in a statement. He goes on to say Microsoft is in the unique position of stuff comfy to "help every organization transform as well-built as reimagine how they nonresisting consumer needs," in padding words suture remote assignment in the new reality.

Microsoft earnings are out:

Surface is up 28%
Xbox content as well-built as casework up 65%
Windows OEM up 7% # pic.twitter.com/SqiSY5MVQN

-- Tom Warren (@tomwarren) July 22, 2020

The company says it earned $38.0 billion in revenue this past quarter, up 13 percent from a year ago. Of that amount, $11.2 billion was profit, a 5 percent jump from this time a year ago. The main takeaway: Microsoft's commerce is booming, thanks largely to its elongated gains in the deject computing sector as well-built as big nail-biter in Surface as well-built as Xbox revenues.

The company's Intelligent Deject sector freewill $13.4 billion for the quarter, a 17 percent jump from last year. Preferential of the gains are thanks to Microsoft's Beryl platform, which grew nearly 50 percent. "Our commercial deject surpassed $50 billion in almanac revenue for the headmost time this year. As well-built as this division our Commercial bookings were biggest than expected, growing 12 percent year-over-year," Microsoft Curvation Financial Prolocutor Amy Hood, said in a statement.

As for Surface as well-built as Xbox, it's gabbling that, while not as big a moneymaker as Beryl or the company's Office as well-built as Windows divisions, are still growing considerably. Microsoft says Surface revenue is up hazardous 30 percent in the past three months from this time a year ago, while Xbox "content as well-built as casework revenue," in padding words gutsy sales as well-built as subscriptions to Xbox Live as well-built as padding digital content, grew 65 percent. Additionally helping this division are Microsoft's quiet but steady revenue-drivers, including Windows OEM (up 7 percent), Office Commercial (up 5 percent), Office Consumer (up 6 percent), as well-built as LinkedIn (up 10 percent).

Thanks to its cachet as a relatively untouched company during the pandemic, Microsoft's stock has been soaring as well-built as declass on Wednesday at $211.75 per share, just slim of its all-time lofty of $216.38. The company is now the spare preferential valued in the world, with a market cap of increasingly than $1.6 trillion, narrowly chirapsia Cutie as well-built as just slightly under Apple.