Fiscal fourth-quarter profit report from Microsoft is out and it shows a profit of $16.5 billion. It is up by 47% if compared to the same period of the year 2020. It exceeds the Wall Street expectation by giving a net income of $2.17 per share. The software giant revealed that its revenue of $46.2 billion in the quarter that ended on June 30.<\/p>\n\n\n\n
\u201cWe are innovating across the technology stack to help organizations drive new levels of tech intensity across their business,\u201d <\/em><\/strong>said Satya Nadella, chairman and chief executive officer of Microsoft, in a statement.<\/em><\/p>\n\n\n\n \u201cOur results show that when we execute well and meet customers\u2019 needs in differentiated ways in large and growing markets, we generate growth, as we\u2019ve seen in our commercial cloud \u2013 and in new franchises we\u2019ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years,\u201d<\/em><\/strong> he added.<\/em><\/p>\n\n\n\n It was expected by analysts that the tech company would earn $1.91 per share for the April-June quarter on revenue of $44.1 billion. Thanks to the cloud computing service and other relevant software for remote work and study, which made sure Microsoft\u2019s profit soared throughout the pandemic. The company shared successfully recovered after initial dip in afterhours trading.<\/p>\n\n\n\n