Microsoft and Cloud Computing Finance
Microsoft Corp. (MSFT), one of the world's largest technology companies, sells personal computing devices, cloud systems and services, software, and other products. With products targeting both consumers and businesses, Microsoft competes for one against companies such as Apple, Inc. (AAPL), Amazon.com Inc. (AMZN), International Business Machines Corp. (IBM), and Oracle Corp. (ORCL).
In partnership with Cloud Computing companies, Microsoft posted net revenue of $ 15.5 billion on $ 43.1 billion for the second quarter of fiscal 2021. The three months ended December 31, 2020, with revenue of $ 43.1 billion in the same quarter of the previous year. The increase in net income marked a significant acceleration from its annual growth in FY2020.
In FY2020, Microsoft reported YoY increases in revenue, net income, total assets, and other metrics. Net revenue increased 12.8% year-over-year to $ 44.3 billion, while sales increased 13.6% to $ 143.0 billion. Operating income for fiscal 2020 increased 23.3% to $ 53 billion, and total assets increased 5.1%.
Microsoft Business Segments
Microsoft divides its business into three reportable segments and breaks the venue and operating income results: productivity and business processes, intelligent cloud, and more personal computing. Product types and customer demographics categorize these segments. For example, productivity and business processes include products across multiple platforms and devices related to productivity and communication. And More Personal Computing focuses on products designed for end-users, developers, and IT professionals.
Productivity and Business Processes in Cloud Computing
The Productivity and Business Process segment of Microsoft comprises a portfolio of products to improve business productivity, communication, and information services. One of the essential products is Microsoft's Office software suite, covering both commercial and consumer sectors. The segment also includes business solutions products such as Dynamics and the professional networking site LinkedIn.