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On Tuesday night Microsoft reported blockbuster earnings. Here are some brief highlights. Revenues increased by 21% to $46.2 billion, net income increased by 47% to $16.5 billion and earnings per share increased by 49% to $2.17. That's just phenomenal when you consider the size and scale of this business, and the high base these numbers are coming off.
Microsoft has three main business segments, namely personal computing, cloud services and business computing. Due to its phenomenal growth (30% this quarter), cloud services is now the biggest revenue contributor with 38%. The other two segments chip in around 31% of revenue each.
Microsoft covers gaming, social media, work from home, business digitisation, video calling, online education and cloud storage. These well-known brands are also in the Microsoft stable - Xbox, LinkedIn, Azure, Windows and Office.
This company really sits in a sweet spot and CEO Satya Nadella is running a very smooth operation. Microsoft is another must-own in every portfolio. If you do not own this one yet, send money to your account and we will buy you some.
