By Dhirendra Tripathi
The stock has risen over 70% since the pandemic started, despite already having a valuation over $1 trillion. At Monday’s close, it traded at over 35 times 2020 earnings, a multiple more usually associated with small, fast-growing startups.
The results nonetheless showed growth across all the company’s segments including its Windows platform, cloud services, LinkedIn, XBox, Search and Surface.
Net income was $15.5 billion, higher by 44%. Diluted earnings per share were $2.03, rising 45%.
LinkedIn revenues rose 25% in the quarter. For the full year, advertising revenues at the online job and social media platform for professionals topped $3 billion.
Server products and cloud services revenues rose 26% during the quarter, driven by 50% growth in revenue at Azure.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.