Microsoft cloud strength fuels third quarter financial results
Unlike other vendors, Microsoft and its Dynamics 365 channel partner seem unaffected by the crisis. Revenues from Dynamics ERP and CRM products and Cloud services increased by 26%.
Microsoft Corp. recently announced its results for the quarter ended March 31, 2021 with revenue of $ 41.7 billion (up 19% compared to the same period last year), operating income of $ 17.0 billion (up 31%) and earnings per share of $ 2.03 (up 45%). Net income rose 45% compared to the same quarter last year, reaching $ 15.5 billion. These results out-perform the analyst expectations.
“The Microsoft Cloud, with its end-to-end solutions, continues to provide compelling value to our customers generating $17.7 billion in commercial cloud revenue, up 33% year over year,” said said Amy Hood, executive vice president and chief financial officer of Microsoft.
With this continuous growth, Microsoft’s cloud business remains larger than the combined cloud businesses of Google and Amazon..
Unlike other vendors, Microsoft and its Dynamics 365 partner network appear to be little affected by the crisis. Revenues from Dynamics ERP and CRM products and Cloud services increased 26%, driven primarily by 45% growth in Dynamics 365 cloud revenue. This growth is about three times faster than the average growth of the ERP and CRM solutions market.
This sustained growth enables Microsoft to continue her investments in the field of Research and Development, personnel growth and continuous innovation. Speeding up its mission to empower every person and every organization on the planet to achieve more. This is an important message to all current and future Dynamics 365 customers since their digital transformation journeys have often just begun and only seem to accelerate further.
“Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,” said Satya Nadella, chief executive officer of Microsoft. .“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.”
The ongoing strong results confirm the confident that the Microsoft Dynamics 365 implementation partners and their customers have in an ongoing innovative future. And as a Dynamics 365 partner, we love to repeat this mantra: “a strategic choice for a Microsoft Dynamics 365 solutions is a choice for a stream of innovation that will never stop”.
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