Microsoft Q3 - Digital Adoption Continues

Microsoft reported their first quarter numbers on Tuesday, and they were very good, especially when compared to the corresponding period last year. Revenue was $41.7 billion and increased 19%. They made a profit of $15.5 billion which was 44% higher.

CEO Satya Nadella was sounding pretty cheerful. Here's the sentence that his PR team were pushing: "Over a year into the pandemic, digital adoption curves aren't slowing down. They're accelerating, and it's just the beginning. We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform."

I liked the look of the webpage where the results were profiled (see below). All of the downloadable reports were available in Microsoft's own Office Suite products. They just happen to be the same software that billions of people around the world use as their default word processing, spreadsheet and presentation slide solutions. Bravo!

A year ago, you could have bought Microsoft shares at $170 per share, now they are at $254. They are still a good buy.