Microsoft expects huge profits as the company gears up for gaming expansion

 Microsoft recently announced its plans to acquire the most well-known game developer Activision Blizzard for $68.7 billion in cash. It is an all-cash deal that could be the highest-priced technology acquisition of all time in the event that it is able to stand up to scrutiny from antitrust regulators. It could also propel the Xbox-maker over Nintendo and join Sony along with Tencent as three of the biggest gaming companies.

The financial results announced Tuesday suggest that the company's focus remains on business solutions like Microsoft's Azure cloud computing platform as well as it's suite of computer software applications which are driving the growth of the company. Net earnings at $2. 48 per share beat Wall Street expectations. Analysts polled by FactSet were anticipating Microsoft to make $2.32 per share on revenues of $50.71 billion in the fiscal quarter. The productivity division of Microsoft, which comprises it's Office Suite of Workplace tools such as email, has grown 19% over the same time one year ago, reaching $15.9 billion. The segment of productivity also includes revenues from Microsoft's LinkedIn job-related networking service which grew by 37% over the time last year. The company, in late 2013, shut down its localized version LinkedIn on mainland China due to tightening of restrictions by the Chinese government on the one significant Western social network which was operating in China. Microsoft's personal computing business that comprises Windows licensing for software, Xbox and the Surface range of devices, has grown by 15%, to $17.5 billion. Sales of Christmas gadgets usually create the month of October-December to be an important time for Surface devices as well as Xbox consoles. as well as consoles. The company announced that Xbox revenues from content and services increased by 10% over the same period a year ago. Xbox hardware sales grew moderately at 4%partly due to the fact that numbers in the final quarter of 2020 had been enhanced by the introduction the Microsoft's Xbox Series X system, its first console upgrade since 2013.

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