(Source = Yonhap News)

Microsoft, better-than-expected ‘Performance’ in 3Q… Will Big Tech’s anxiety subside?

(Source = Yonhap News)

Microsoft (MS), the world’s largest software company, announced on the 26th (local time) better-than-expected results for the third quarter of this year (January to March).

According to the Wall Street Journal (WSJ) and economic media CNBC, Microsoft posted sales of $49.4 billion (about 62.3 trillion won) in the third quarter of this year, up 18% from the same period last year, and $16.7 billion (about 21.1 trillion won), up 8%. billion) in net profit. Looking at the increase by each division, sales and marketing expenses were $5.6 billion, up 10% from a year ago. This is the largest increase in three years.

Sales of the intelligent cloud segment, including cloud services Azure, SQL Server, and Windows Server, also reached $19.05 billion, up 26% from a year ago, exceeding the market expectation of $18.9 billion calculated by Street Account.

The cloud service sector, including Azure, saw the largest increase in sales, up 46% from a year ago. The productivity and business process sectors, including office software and LinkedIn and Dynamics, posted sales of $15.79 billion, up 17% from a year ago.

Revenue from the more personalized computing segment, including Windows and gaming consoles Xbox, was $14.52 billion, up 11% year-over-year. This also exceeded the market expectation of $14.27 billion compiled by Street Account.

Meanwhile, Microsoft announced in the first quarter that it would acquire Activision Blizzard, a major video game company, for $68.7 billion (about 86.6 trillion won). This is the largest acquisition in Microsoft’s history and is expected to contribute to strengthening Microsoft’s video game subscription service ‘Game Pass’ and building a three-dimensional virtual world, Metaverse.

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