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4 Takeaways For Partners From Microsoft’s Earnings

Microsoft reported impressive growth measures for Power Platform, Dynamics and LinkedIn, while Azure helped drive revenues for the quarter.

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Microsoft’s Azure cloud platform sales soared as the tech giant’s total revenue hit a record $41.7 billion for its most recent quarter, up 19 percent from a year ago.

The No. 2 cloud provider reported Azure sales were up 50 percent year over year as the COVID-19 pandemic continued to force organizations into digital transformation mode.

“We are building Azure to address organizations‘ needs in a multi-cloud, multi-edge world,” Microsoft CEO Satya Nadella said in a Tuesday call with analysts.

Microsoft’s commercial cloud — which includes Office 365 Commercial, Azure, LinkedIn’s commercial business, Dynamics 365 and other commercial cloud properties — generated $17.7 billion in revenue for the quarter, up 33 percent year over year.

“Many trends across industries, customer segments, and geographical markets continued to improve, which, coupled with strong execution by our sales and partner teams, drove another quarter of double-digit top and bottom-line growth,” Microsoft CFO Amy Hood told analysts Tuesday on call with analysts.

Despite the quarterly growth, the Redmond, Wash.-based tech giant’s stock traded at $256.14 at market open Wednesday, down about 2 percent from Tuesday’s market opening. Click through our slideshow to see what partners need to know.

 
 
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