The pandemic has proved to be a boon for Microsoft (MSFT) as confinement and travel restrictions measures in several countries put in place at the start of the year are forcing people to change the very way they work, communicate and play.
The big tech being present in all these fields of activities including remote work, web conferencing and video games has seen its turnover climb by 12% at $37.2 billion for the latest quarter (Q1-2021). More importantly, its profits have experienced a spectacular increase of 30% when compared to the same time last year.
However, things are likely to change going forward as from the fourth quarter of this year or Q2-2021 as per Microsoft’s reporting taking into consideration the quarter-on-quarter trend of Azure cloud sales going into the pandemic.
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