Microsoft has published financial statements for the second quarter of 2020. According to the document, the company’s earnings exceeded analysts’ expectations. The company’s revenue increased by 13% over the same period last year.
The report indicated that revenue for the second quarter was $ 38 billion. At the same time, profit reached 11.2 billion and decreased by 15%.
The best development results were shown by the gaming division, whose turnover increased by $ 1.3 billion (or 64%). A large share came from Xbox content and services, which accounted for $ 1.2 billion. According to the report, during the pandemic, the activity of players in titles from third-party studios increased.
The company also noted that the activity of small and medium-sized businesses slowed down amid the pandemic. In addition, the subsidiary service LinkedIn recorded a decline in the labor market and a decrease in advertising costs. At the same time, the demand for home schooling, products for work and entertainment at home has increased.
Microsoft has previously revealed future changes to the interface for the Office suite. The company plans to continue to simplify its applications. The developers promise to remove brand color integration from headlines and implement responsive controls. The dates of the upcoming changes have not yet been announced.
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