American technology company Microsoft Corporation announced on Tuesday its revenue in the fiscal third quarter landed at $41.7 billion, marking a 19% increase on the year and slightly above analyst projections. According to the update, Microsoft had an operating income of $17 billion for the quarter, up 31% compared to the same quarter a year earlier. Meanwhile, net income was reported at $15.5 billion, up 44% year-over-year, on earnings per share of $2.03. “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,” CEO Satya Nadella said.
Alphabet Inc. published on Tuesday its first-quarter earnings report, revealing better-than-expected revenue of $55.31 billion in the trimester ending March 31. While Alphabet’s revenue annually soared 34%, its operating income surged 30% in the same period to reach $16.44 billion. Net income skyrocketed to $17.93 billion, with diluted earnings per share of $26.29. “Over the last year, people have turned to Google Search and many online services to stay informed, connected and entertained. We’ve continued our focus on delivering trusted services to help people around the world. Our Cloud services are helping businesses, big and small, accelerate their digital transformations,” CEO Sundar Pichai commented in the report. Nick Note: Some incredible powerful numbers……