Microsoft Corp. posted record quarterly sales underpinned by pandemic-fueled demand for videogaming and accelerated adoption of its cloud-computing services.
The software giant Tuesday said fiscal second-quarter net income rose more than 30% to $15.5 billion. Sales advanced 17% to $43.1 billion. Wall Street expected sales of $40.2 billion and net income of $12.6 billion, according to FactSet.
The remote work era has been a boon for Microsoft. In addition to its videogaming and cloud-computing products, the company has seen strong sales for its Surface laptops as people bought devices to work remotely and enable distance learning. And use of Microsoft’s Teams workplace collaboration software that includes text chat and videoconferencing, and has been a priority for Chief Executive Satya Nadella, has jumped during the pandemic. Microsoft shares have risen more than 37% over the past year.
“What we have witnessed over the past year is the dawn of a second wave of digital transformation sweeping every company and every industry,” Mr. Nadella said.
Microsoft shares rose more than 5% in after-hours trading.
