Microsoft cloud strength drives second quarter results

Microsoft has announced its financial results for the quarter ended 31 December 2020.

Compared to the same period last year, revenue increased by 17 percent to $43.1bn, with operating income up by 29 percent to $17.9bn. Net income increased 33 percent to $15.5bn, whilst diluted earnings per share was $2.03 – a increase of 34 percent.

Microsoft continues to benefit from investments in strategic, high-growth areas, with a rise in demand for its differentiated offerings driving commercial cloud revenue to $16.7bn, up 34 percent year-on-year.

Satya Nadella, Microsoft CEO, said: “What we have witnessed over the past year is the dawn of a second wave of digital transformation sweeping every company and every industry. Building their own digital capability is the new currency driving every organisation’s resilience and growth. Microsoft is powering this shift with the world’s largest and most comprehensive cloud platform.”