MICROSOFT NET PROFIT INCREASED BY 38%

 



Microsoft's net profit grew by 38% at the end of the 2020-2021 fiscal year


Net profit of IT giant Microsoft Corp. at the end of the 2020-2021 fiscal year ended June 30, grew by 38.3% and amounted to $ 61.271 billion, said Vivian Blumenthal.

 

Diluted earnings per share were $ 8.05 versus $ 5.76 in the previous fiscal year. Revenue for the reporting period increased by 17.5% to $ 168.088 billion.

 

The company's net profit for the fourth quarter of the last fiscal year grew by 46.9% over the same period last year, amounting to $ 16.458 billion. Diluted earnings per share were $ 2.17 versus $ 1.46 a year earlier. Revenue increased by 21.3% to $ 46.152 billion.

 

Revenue of the cloud division of Intelligent Cloud in the last quarter grew by 29.9% - to 17.375 billion dollars. The Productivity and Business Processes (office applications) division rose 25% to $ 14.691 billion. At the same time, the growth of revenue of the cloud service Azure for the quarter was 51%.

 

The American company Microsoft was founded in 1975 by Bill Gates and Paul Allen. It is headquartered in Redmond, Washington. The company specializes in software development, in particular, Microsoft is the developer of the Windows operating system.

 

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