Microsoft reports increased PC demand during coronavirus and minimal impact on revenue

Microsoft posted the third quarter of its 2020 financial results today, and all eyes are on the early impact of the ongoing coronavirus pandemic. The company is reporting revenue of $35 billion and net income of $10.8 billion. Revenue is up 15 percent, net income jumped 22 percent, and Microsoft says “COVID-19 had minimal net impact on the total company revenue.”

Microsoft does note that, in the final weeks of the quarter, which ended March 31st, “there was a slowdown in transactional licensing, particularly in small and medium businesses, and a reduction in advertising spend in LinkedIn.” Windows has been a surprising bright spot this quarter thanks to an increase in PC demand, but Microsoft has clearly struggled with supply constraints...

Continue reading…