Microsoft's Revenue Soars As Demand For Cloud, Gaming Services Rises

Microsoft has reported an increase of 50% in the subscription of its 'Azure' cloud-computing services for the last quarter. The growth was a part of Microsoft's 'Intelligent cloud' segment that jumped 23% to $14.6 billion. Besides, the company generated $5 billion quarterly revenue with 40% growth in gaming subscriptions following launch of double-Xbox consoles in November 2020. Reportedly, Microsoft logged an overall year-on-year revenue of $43.08 billion in December 2020 compared to $36.91 billion (2019).