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News from the week beginning 26th July enterprisetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from enterprisetimes.co.uk Daily Mail and Mail on Sunday newspapers.
Microsoft Weekly: Flight Sim on console, Windows updates, and Q4 earnings neowin.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neowin.net Daily Mail and Mail on Sunday newspapers.
Alphabet, Apple and Microsoft have all posted record-breaking quarters TRENDING TODAY Silicon Valley is reaping the benefits of a resurgent advertising market with revenues up across the board as brands clamor for a slice of the digital pie. Alphabet, Apple and Microsoft have all posted record-breaking quarters, highlighting the gains made by a technology sector that has become the lifeblood of the economy during repeated lockdowns. Leading the charge is Alphabet, buoyed by resurgent Google ad revenues smashing analyst expectations after increasing 69% from the same pandemic-depressed quarter last year to hit $50.44bn. YouTube advertising alone brought in $7bn, well ahead of the $6.37bn penciled in by Wall Street, with connected TVs now the fastest-growing ‘surface’ in Google’s empire with 120 million viewers streaming directly from their telly. ....
Surface, Windows sales hurt by chip shortages Surface, Windows sales hurt by chip shortages It s not clear, however, what components were affected. Credit: Microsoft Chip shortages have hit one of the world’s largest software companies, Microsoft, and its line-up of Surface PCs. Redmond reported net income of US$16.5 billion (up 47 per cent from a year ago) on revenue of $46.2 billion, an increase of 21 per cent over the same period. But two key businesses suffered as a result of ongoing supply issues with Surface revenue dropping 20 per cent or by $348 million to $1.376 billion. In a statement, Microsoft said the shortfall was driven by “supply chain constraints,” without specifying what those constraints were. Microsoft also said that Windows OEM revenue decreased three per cent, “with continued PC demand impacted by supply chain constraints.” ....
Sales in the fourth quarter, which ended June 30, climbed 21% to $46.2 billion, the Redmond, Washington-based company said Tuesday in a statement. That compared with the $44.3 billion average estimate of analysts polled by Bloomberg. Net income rose to $16.5 billion, or $2.17 a share, while analysts had predicted $1.92. Microsoft’s market value now tops $2 trillion, and the high-flying shares have led investors to expect results to outdistance projections by a wide margin. After years of investments to make Azure a strong No. 2 in cloud services behind Amazon.com Inc., investors no longer question Chief Executive Officer Satya Nadella’s corporate transformation, but some become skittish at any indication that momentum is fading. Microsoft’s sales and margin forecasts on a conference call reassured investors about its prospects, and shares gained 1.2% in extended trading after first dropping about 2.5% following the report. ....