The company founded by Bill Gates presented results this Wednesday that have been celebrated by the markets. The firm has obtained some Profits of $22.3 billion, up 27% year-on-year. Specifically, the company headed by Satya Nadella has reaped revenues of $56.5 billion, thanks especially to the performance of cloud services. In this sense, Microsoft Cloud has generated $31.8 billion in revenue, which represents an increase of 24% year-over-year.
Due, Microsoft shares have risen 5% in the after-hours, and are currently at $2.99 per share compared to the $2.65 that experts predicted. Likewise, the results have far exceeded revenue forecasts, which stood at $54.5 billion. On the other hand, Xbox-related revenue increased 13%, while those linked to search engine and news advertising rose 10%. However, sales of devices have decreased by 22%.
In short, these figures confirm the conversion of the company founded by Bill Gates into a software signature. Its commitment to Artificial Intelligence and the reinforcement of cloud services have brought the company considerable benefits, and mark the path of an industry that has had difficulties since the end of the pandemic. This is attested to by the 245,450 layoffs in the sector so far this year, according to the layoffs.fyi portal.