Microsoft’s strong third quarter results–Azure sales up 50%

Microsoft announced its financial results for the third quarter of the 2021 fiscal year (closing March 31) on April 27, US time. It exceeded my expectations. Commercial cloud revenue was $ 17.7 billion, up 33% year-over-year. “Azure” increased by 50%.

Revenue was $ 41.7 billion, up 19% year-over-year, earnings were $ 15.5 billion ($ 2.03 per share), and non-GAAP sales were $ 1.95 per share. Analysts expected revenue of $ 41.03 billion and non-GAAP earnings per share of $ 1.78. “The digital hiring curve isn’t slowing, it’s accelerating,” said Satya Nadella, CEO. Microsoft’s portfolio appears to benefit from the move by companies to drive widespread digital transformation. The main numbers are as follows. Productivity and Business Processes division sales were $ 13.6 billion, up 15% year-over-year. Sales of “Office” commercial products and cloud services were up 14%. Sales of Office products and cloud services for consumers increased by 5%. It had the lowest rate of increase in the sectoral list published by Microsoft. The number of Microsoft 365 Consumer subscriptions has increased to 50.2 million. LinkedIn sales increased 25%. “Dynamics” products and cloud services were up 26%. Intelligent Cloud division sales increased 23% to $ 15.1 billion. Azure sales were up 50% and server product and cloud service sales were up 26%. Azure growth was about the same as in the second quarter of 2021. More Personal Computing division sales increased 19% to $ 13 billion. Sales of “Surface” increased by 12%. Xbox content and service sales grew 34%.