Microsoft has smashed analyst expectations posting record breaking quarterly revenues as both gaming and work-from-home trends boost sales.
The tech giant revealed fourth quarter revenues of $38 billion, comfortably above analyst expectations of $36.54 billion.
This helped earnings for the quarter top $11.2 billion representing $1.46 per share, again beating analyst estimates of $1.34 per share, but coming well below the $1.71 per share it achieved during the same period a year earlier.
For the full year Microsoft also achieved record sales and profits, rising 14 and 13 per cent to $143 billion and $44.28 billion respectively.
Its PC and gaming division accounted for the biggest earnings boost during the quarter, seeing sales rise 14 per cent to $12.9 billion, nearly $1.5 billion above analyst expectations.
This was largely helped by both a significant boost in gaming during lockdown, and high demand for personal computing as working from home became the norm.
Meanwhile its Azure cloud computing business, a major contender to Amazon Web Services, saw sales top $13.4 billion coming around 17 per cent higher than average analyst estimates.
Despite this growth in its “Intelligent Cloud” division fell from 59 per cent in the previous quarter to 47 per cent.
Elsewhere its “Productivity & Business Solutions” arm, which includes LinkedIn and Teams, saw revenues jump 6 per cent to $11.8 billion, slightly below analyst estimates of $11.91 billion.