Although the new crown epidemic has brought obvious impact to the major economies of the world and caused heavy losses to many real industries, it has boosted many businesses of the technology giant Microsoft. As the first tech giant to report results in this earnings season. Microsoft’s financial report has attracted a lot of attention from the market. In today’s second quarter results, most of Microsoft’s business revenue has ushered in strong growth, ushered in a bumper harvest.

in the second quarter ending June 30 (the fourth quarter of Microsoft), Microsoft achieved revenue of $38.03 billion, a year-on-year increase of 13%, higher than the market expected of $36.5 billion; in the first quarter, Microsoft’s revenue increased by 15%. Net profit for the quarter was $11.2 billion, down 15% year-on-year. Earnings per share were $1.46, higher than market expectations of $1.34.

the decline in net profit was due to the fact that Microsoft accounted for us $450 million related expenses for closing physical stores in the quarter, closed the mixer video game live broadcasting business, and acquired many start-ups such as software automation company softmobile, network security company cyberx (US $165 million), and communication software company metaswitch.

in the past fiscal year, Microsoft reported annual revenue of $143 billion and profit of $44.28 billion, both of which reached a record high, increasing by 14% and 13% respectively year-on-year. Instead of impacting Microsoft’s performance, the new crown epidemic has boosted Microsoft’s cloud services, windows and productivity business needs.

in the quarter, the revenue of Microsoft’s “smart cloud” department was $13.4 billion, a year-on-year increase of 17%, higher than the market expected of $13.1 billion. Microsoft does not separately announce the specific performance of azure public cloud business, but is listed in the “smart cloud” business department together with servers, GitHub, SQL and other businesses. Microsoft said revenue from its azure business grew 47% year-on-year (though growth slowed to 59% in the previous quarter) and business contracts rose 12% in the quarter.

in the past fiscal year, the revenue of Microsoft’s commercial cloud services exceeded $50 billion for the first time. The strategic transformation from Nader to cloud service started in 2014. Today, cloud business has accounted for 35% of Microsoft’s total revenue, and azure’s public cloud service share in the global cloud service market is second only to Amazon’s AWS.

during the period of the outbreak, the remote office of enterprises needs the support of public cloud services, which also brings a significant boost to the PC market and productivity software demand. IDC data shows that in the second quarter of this year, the global PC shipment increased by 11% year-on-year, sweeping away the weak momentum of “post PC era” in the past few years.

boosted by this market demand, Microsoft’s “more personal computing” division’s revenue was $12.9 billion, up 14% year-on-year, higher than analysts’ expected $11.48 billion. The division includes hardware services such as windows, Xbox game console and surface. Windows consumer licensing business revenue increased 34% in the quarter. Large scale global home ownership has also brought demand for Microsoft’s Xbox game content and services business, which grew 65% in the quarter.

in addition, the productivity and business process division, which includes office, LinkedIn and dynamics, generated $11.8 billion in revenue, up 6% year-on-year, but lower than the market’s expected $11.91 billion. Microsoft’s only business that declined in the quarter was Internet search advertising, down 18% in the quarter.

although there was a big harvest in the quarter, the share price of Microsoft retreated slightly after hours, which was mainly affected by the fact that the current quarterly revenue growth target of Microsoft was lower than the market expectation.

according to Reuters, Microsoft has decided to lay off thousands of employees worldwide, mainly involving marketing and sales teams in overseas regions. At present, Microsoft has 120000 employees worldwide, 19% of whom are in marketing and sales teams. Microsoft had already decided to close its physical retail store business, including $450 million in expenses, but at the time, Microsoft said it would not make layoffs.

among them, LinkedIn, whose revenue increased by 10% in the quarter, also decided to lay off 960 employees worldwide, accounting for 6%. The layoff of Linken mainly involves the global sales and talent recruitment business. CEO Ryan roslansky explained that the new crown epidemic crisis has affected the recruitment needs of global enterprises, and the company needs to ensure that its energy and resources are focused on the most strategic priority business.