Software giant’s business diversity proves an advantage in pandemic-driven slump Will Microsoft prove to be resilient in the global pandemic and its aftermath?
The answer suggested by the software titan’s latest results is: Yes—but it’s complicated. Like Facebook and Google-parent Alphabet Inc., Microsoft reported relatively strong numbers for the March quarter.
Revenue for the fiscal third quarter rose 15% to $35 billion, beating Wall Street’s projected 10% rise. Operating income jumped 25% to nearly $13 billion, keeping overall margins on pace with prior quarters.
Microsoft’s share price rose 2% following the results Wednesday. Unlike Facebook and Google, Microsoft’s results didn’t mask a sharp deterioration in its core business near the