Microsoft cloud strength fuels third quarter financial results
Microsoft Corp. recently announced its results for the quarter ended March 31, 2021 with revenue of $ 41.7 billion (up 19% compared to the same period last year), operating income of $ 17.0 billion (up 31%) and earnings per share of $ 2.03 (up 45%). Net income rose 45% compared to the same quarter last year, reaching $ 15.5 billion. These results out-perform the analyst expectations.
Cloud revenue, up 33% year over year
“The Microsoft Cloud, with its end-to-end solutions, continues to provide compelling value to our customers generating $17.7 billion in commercial cloud revenue, up 33% year over year,” said Amy Hood, executive vice president and chief financial officer of Microsoft. With this continuous growth, Microsoft’s cloud business remains larger than the combined cloud businesses of Google and Amazon.
Unlike other vendors, Microsoft and her Dynamics 365 partner channel seem to be little affected by the crisis. The revenue from the Dynamics ERP and CRM products and cloud services increased 26%, mostly driven by Dynamics 365 cloud revenue growth of 45%. This growth is about three times faster than the average market growth for ERP and CRM solutions.
Constant growth of Microsoft
This sustained growth enables Microsoft to continue her investments in the field of Research and Development, personnel growth and continuous innovation. Speeding up its mission to empower every person and every organization on the planet to achieve more. This is an important message to all current and future Dynamics 365 customers since their digital transformation journeys have often just begun and only seem to accelerate further.
“Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,” said Satya Nadella, chief executive officer of Microsoft. “We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.”
Innovative future with Microsoft
The ongoing strong results confirm the confident that the Microsoft Dynamics 365 implementation partners and their customers have in an ongoing innovative future. And as a Dynamics 365 partner, we love to repeat this mantra: “a strategic choice for a Microsoft Dynamics 365 solutions is a choice for a stream of innovation that will never stop”.
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