As per the company’s latest financial reports, Software-Giant Microsoft observes a Rise of 33% in Profits, compared to 2019. Microsoft gathered in about $3 billion more than what analysts expected for Q2 earnings, and it’s an increment of 17 percent compared to the same period last year.
Microsoft’s report further details that profits didn’t just arise from its cloud services, but they also generated revenues from PC and XBOX consoles. There was an 86 percent rise in sales of Xbox consoles and 40 percent more Xbox content sales than last year due to the Hyped of the Xbox Series X and S. It looks like the hype worked in Microsoft’s favor.
Moreover, the company’s More Personal Computing business had an upward spike of 14 percent higher, roughly $15 billion, surpassing the expected figure by about $1.5 billion. Meanwhile, sales of Windows products rise by 10 percent due to growing demand during the COVID-19 pandemic.
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