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2q21 Revenue $43.1 billion, up 17% year on year From Microsoft

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The following is the 2q21 Revenue $43.1 billion, up 17% year on year From Microsoft recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, operating system, Mobile Internet.

January 27, 2021 – Microsoft released its second quarter financial report of fiscal year 2021 after the closing of the US stock market on Tuesday (early morning of Beijing time on Wednesday).

According to the report, Microsoft’s revenue in the second quarter was US $43.1 billion, an increase of 17% compared with us $36.9 billion in the same period last year, with a year-on-year increase of 15% excluding the impact of exchange rate changes, exceeding Wall Street analysts’ expectations; its net profit was US $15.5 billion, an increase of 33% compared with us $11.6 billion in the same period last year, with a year-on-year increase of 29% excluding the impact of exchange rate changes; and its diluted earnings per share was US $2.03, Compared with us $1.51 in the same period of last year, the growth rate was 34%. Excluding the impact of exchange rate changes, the growth rate was 31% year-on-year, which also exceeded analysts’ expectations.

After the financial report, Microsoft’s share price rose 6.1% to 246.45 U.S. dollars per share.

Performance summary:

Microsoft’s revenue in the second quarter was $43.1 billion, up 17% from $36.9 billion in the same period last year. Excluding the impact of exchange rate changes, Microsoft’s revenue increased 15% year on year, exceeding Wall Street analysts’ expectations. In contrast, analysts had expected Microsoft’s revenue to reach $40.18 billion in the second quarter on average, according to FactSet, a financial information provider.

In the second quarter, Microsoft’s revenue from product business was $19.460 billion, compared with $18.255 billion in the same period last year, and revenue from services and other businesses was $23.616 billion, compared with $18.651 billion in the same period last year.

Net profit was US $15.5 billion, an increase of 33% compared with us $11.6 billion in the same period last year, with a year-on-year increase of 29% excluding the impact of exchange rate changes; diluted earnings per share was US $2.03, an increase of 34% compared with us $1.51 in the same period last year, with a year-on-year increase of 31% excluding the impact of exchange rate changes, which also exceeded analysts’ expectations. By contrast, according to FactSet, analysts had expected Microsoft’s second quarter adjusted earnings per share to reach $1.64 on average.

Microsoft’s operating profit in the second quarter was US $17.9 billion, an increase of 29% compared with us $13.9 billion in the same period last year, and a year-on-year increase of 26% excluding the impact of exchange rate changes.

Performance of each department:

The revenue of Microsoft’s productivity and business process division in the second quarter was $13.353 billion, up from $11.826 billion in the same period last year;

In the second quarter, the revenue of Microsoft’s intelligent cloud division was $14.601 billion, up from $11.869 billion in the same period last year;

Revenue from Microsoft’s more personal computing businesses in the second quarter was $15.122 billion, up from $13.211 billion in the same period last year.

Other achievements:

Microsoft’s total revenue and cost in the second quarter was $14.194 billion, compared with $12.358 billion in the same period last year. Among them, the product revenue cost was US $6.058 billion, compared with us $4.966 billion in the same period last year; the service and other revenue cost was US $8.136 billion, compared with us $7.392 billion in the same period last year.

Microsoft’s gross profit in the second quarter was $28.882 billion, compared with $24.548 billion in the same period last year.

In the second quarter, Microsoft spent $4.899 billion on R & D, compared with $4.603 billion in the same period last year; spent $4.947 billion on sales and marketing, compared with $4.933 billion in the same period last year; spent $1.139 billion on general affairs and administration, compared with $1.121 billion in the same period last year.

In the second quarter, Microsoft returned $10 billion in cash to shareholders through share buybacks and dividends, up 18% from the same period last year.

Changes in share price:

Microsoft shares rose 1.2% to close at $232.33 in regular U.S. trading on Wednesday.

After the financial report was released, Microsoft shares rose 6.1% to $246.45 in subsequent after hours trading due to the impact of both quarterly profit and revenue exceeding expectations.

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