Microsoft Corporation develops, licenses, and supports a range of software products, services and devices.
recently released its financial results for the second quarter ended 31 December 2019. Gross margins for the period improved by 22% to $24.5 billion (2Q2019: $20 billion), and net income grew by 38% to $11.6 billion (2Q2019: $8.4 billion). Total revenue was up by 13.7% to $36.9 billion (2Q2019: $32.5 billion) and operating income increased by 35% to $13.9 billion (2Q2019: $10.3 billion).
As a result of the COVID-19 outbreak, Microsoft adjusted its expectations for the third quarter of the fiscal year 2020.
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