In these economically uncertain times it is more important than ever that your main IT vendor grows and remains financially healthy. After all, your vendor can only fully invest in the endless possibilities that IT offers today if they are sufficiently profitable. Last week, Microsoft announced her 2022 Q4 earnings. Despite the current war, the high inflation and the uncertainties in the market, the company reported a revenue growth of 12 percent to $ 51,9 billion with a net income of $ 16.7 billion, up 2 percent.
Organisations always invest in ERP and CRM solutions with a long-term perspective. For that reason it is of crucial importance that your vendor of choice remains financially healthy. Since only if this condition is met, there is continuous scope and budget for R&D and product innovation. If you are not a Microsoft customer today, do you have any idea about the financial position of your current vendor?
“No company is better positioned than Microsoft to help organizations deliver on their digital imperative – so they can do more with less,” Microsoft CEO Satya Nadella stated.
For the full financial year 2021/2022, Microsoft reported 18 percent revenue growth to $ 198,3 billion and earnings per share up 20 percent to $ 9,65, beating an average estimate of $ 9,31. Microsoft shares rose 5 percent in extended trading after the publication of these earnings.