202029 Apr
Microsoft Q3 strong as remote work propels Teams, Office 365, Azure
Type
General News
Companies
Source
Zdnet
Summary

Microsoft crushed expectations for its third quarter as the company saw strong demand among its cloud services. Wall Street was expecting Microsoft to report third quarter earnings of $1.26 a share on revenue of $33.66 billion. CEO Satya Nadella said Microsoft saw strong demand since the company is enabling of remote work, learning and cloud infrastructure. " Simply put, Microsoft saw minimal impact from the COVID-19 pandemic, but the company did note that the full effects "may not be fully reflected in the financial results until future periods. " The demand picture for Microsoft was strong across product lines such as Teams, Azure and Windows Virtual Desktop.

Classifications
  • Sales and Marketing
  • Customer Relationship Management (CRM)
  • ERP & Process Management
  • Enterprise Resource Planning (ERP)
  • Networking