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Microsoft Beats Quarterly Revenue Estimate

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Microsoft Corp MSFT.O beat Wall Street estimates for quarterly revenue on Tuesday; as the software giant continued to benefit from a global shift to work and learning from home.

Microsoft Logo
Microsoft Logo

The tech giant’s revenue rose 12% to $37.2 billion in the first quarter ended Sept. 30; beating analysts’ estimates of $35.72 billion, according to IBES data from Refinitiv.

Microsoft beats quarterly revenue estimates as Sony PS5 demand ahead of launch

Meanwhile, Sony Corp is seeing “very considerable” demand for its PlayStation 5 (PS5) console via pre-orders its gaming chief said on Wednesday, as users rush to secure the next-generation device ahead of its Nov. 12 launch.The Japanese tech company pre-sold as many PS5 consoles in the first 12 hours in the United States as in the first 12 weeks for its predecessor PlayStation 4 device; Jim Ryan, CEO of Sony Interactive Entertainment, said in an interview.

“The demand as expressed by the level of pre-order has been has been very; very considerable,” Ryan told Reuters.

Sony, which went on to sell more than 100 million PS4 units, aims to persuade its user base to upgrade to its new device; to play titles like “Marvel’s Spider-Man: Miles Morales” with enhanced graphics, sound and feedback via a new controller.

The launch comes in the midst of the COVID-19 pandemic that has boosted gaming companies’ revenues but also disrupted retail networks; games development and manufacturing supply chains around the world.

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