In a statement, Microsoft CEO Satya Nadella said, “What we have witnessed over the past year is the dawn of a second wave of digital transformation sweeping every company and every industry. “Building their own digital capability is the new currency driving every organization’s resilience and growth. Microsoft is powering this shift with the world’s largest and most comprehensive cloud platform.”
On the other hand, Microsoft Executive Vice President and CFO Amy Hood said, “Accelerating demand for our differentiated offerings drove commercial cloud revenue to $16.7 billion, up 34% year over year. We continue to benefit from our investments in strategic, high-growth areas.”
Microsoft is gaining share in the console market
During a conference call with analysts, Ms. Hood told analysts that she expects the company to achieve double-digit growth in revenue and a “healthy operating-margin expansion” for the full fiscal year ending on June 30.
Mr. Nadella told analysts, “The launch of Xbox Series X and Series S was the most successful in our history, with the most devices ever sold in the launch month.” He also noted that the tech giant gaining share in the console market.
