Microsoft reports a 47% increase in profits in the second quarter

The software giant officially released its financial results for the second quarter of the calendar year. Microsoft

continues to work well, largely thanks toits dominant position in cloud services and productivity applications. The company expects results to be even more positive in the second half of 2021.

Specific data show that revenueMicrosoft grew 21% year over year to reach $ 46.2 billion. Another important indicator of financial results is associated with a 47% increase in profit, which amounts to $ 16.5 billion for the period from April to June. This is the third consecutive quarter in which the company exceeded analyst expectations.

At the beginning of the year, growth reached 44%, and by the end of the quarter, Microsoft recorded profit growth of 33%. The cloud business continues to be the company's most profitable division.

According to official data, in the second quartercloud business grew by 30%. Popular office apps and LinkedIn generated 25% more revenue over the same period. Curiously, even More Personal Computing performed well.

Turns out the Windows Computers divisionand Xbox consoles reported 9% growth in the second quarter of 2021. Shareholders can also be happy as the dividend per share is $ 2.17 or 49%.

Information indicates good resultssoftware giant for the entire financial year. During this period, revenues amounted to $ 168.1 billion, which is 18% more than in 2020. At the same time, Microsoft reported 38% revenue growth of $ 61.3 billion.

The second half of the year is likely to strengthen the positive trends in Microsoft's business.

Illustrations: pixabay

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