The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Microsoft Quarterly Profit Jumps 48% to $20.5 Billion
    Forex News

    Microsoft Quarterly Profit Jumps 48% to $20.5 Billion

    October 27, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Main page Microsoft largest company producing software
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Microsoft Corp. posted a 22% increase in quarterly revenues of $45.3 billion, topping Wall Street’s expectations, backed by continued strength in its cloud business.

    • Profits for the third quarter ended Sept.30 rose 48% to reach $20.5 billion, with earnings per share of $2.71, but that comprised an unusual tax benefit of $3.3 billion from a transfer of “certain intangible properties” from its Puerto Rico subsidiary to the U.S.
    • Revenues for Microsoft Cloud jumped 36% to reach $20.7 billion, surpassing $20 billion in the first quarter ever in the company’s history.
    • Revenue obtained by LinkedIn expanded 42% to $3.14 billion for the quarter, driven by the growth of 61% in LinkedIn’s Marketing Solutions business that companies use to generate sales leads and sales.
    • Microsoft CEO Satya Nadella addressed the wider economic trends in the earnings release, describing digital technology as “ a deflationary force in an inflationary economy.”

    Gaming revenue expanded 16% to $3.6 billion, backed by Xbox hardware growth. Surface revenue dropped 17% to $1.3 billion.

    MSFT up +1.54%, Pre-market tradingSource: Microsoft

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Microsoft
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    JPMorgan Chase & Co

    JPMorgan Strategists See Equity Stress Relieving in Second Fifty Percent

    June 21, 2022
    US Fed Hikes Benchmark Interest Rate

    US Fed Hikes Benchmark Interest Rate by 0.75% to 1.75%, Highest Level since March 2020

    June 16, 2022
    European Shares

    European Shares Edged Up Before Fed Rate Hike as ECB Explores Crisis Strategy

    June 15, 2022
    US Inflation Jumps

    US Inflation Jumps to Hit Fresh 40-Year Record-High of 8.6%

    June 10, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    5  +  1  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.