Cloud boom drives Microsoft: sales increase by 17 percent

Cloud boom drives Microsoft: sales increase by 17 percent

Microsoft posted impressive growth in the third quarter of last year, largely driven by the increasing success of its cloud offerings and AI products. Sales rose 17 percent to almost $62 billion compared to the same period last year, while profits rose by a fifth to almost $22 billion. These figures significantly exceeded experts' expectations and led to an increase in the company's share price. Microsoft continues to maintain its position as the most valuable company in the world with a market value of around three trillion dollars.

Microsoft's success can be partly attributed to the increasing demand for cloud services as companies increasingly rely on digital solutions and the use of AI. The pandemic has further accelerated this trend, with many organizations requiring tailored technologies to adapt to changing working conditions. Microsoft has established itself as a leading provider of cloud platforms and is benefiting from this development.

Microsoft's strong third-quarter growth reflects the broader trend of the technology industry, which plays a critical role in an increasingly digital world. Companies that invest in innovative technologies and strengthen their digital presence can benefit from similar success to Microsoft. The group is setting standards for the industry and proving that continuous innovation and adaptation to the market are crucial for long-term success.