Microsoft ($MSFT) reported quarterly revenue of $38b with YoY growth of 13% and reported a net income of $11.2b, down 15% compared to last year’s $13.1b. For its fiscal year 2020, Microsoft reported overall revenue of $143b, with 14% YoY growth and net income of $44.3b, 13% more than last year’s $39.2b.
Microsoft’s revenue, last five quarters:
- Q4 2020: $38b
- Q3 2020: $35b
- Q2 2020: $37b
- Q1 2020: $33b
- Q4 2019: $30b
- Microsoft Azure’s revenue was up 47%, but the growth rate has been consistently slowing down over the last four quarters. As of December 2019, Azure had a market share of 18%, second to AWS at 33%.
- Microsoft Surface’s revenue increased by 23% YoY, and LinkedIn’s revenue increased by 10% YoY.
- As people mostly stayed home during the last quarter, Microsoft’s Xbox revenue grew 65% YoY. Microsoft is planning to launch Xbox Series X in November, and gaming console sales are expected to slow down until then.
- CEO Satya Nadella said that Teams users generated ~5 billion meeting minutes in a single day during the last quarter.
- Slack filed a complaint Wednesday against Microsoft, claiming that it violates antitrust law by bundling Teams with Office 365 and offering it at no additional charge.
- Microsoft's stock price increased 28% since the beginning of this year and is trading at just above $205.