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Microsoft has a great quarter

From The Verge:

Microsoft posted the first quarter of its 2021 financial results today, reporting revenue of $37 billion and a net income of $14 billion. Revenue is up 12 percent, and net income has increased by 30 percent. The Verge reports, While the ongoing pandemic continues to force many to work remotely during an economic downturn, Microsoft is benefiting from the shift in the way people are now working, playing games more, and connecting to others through videoconferencing.


Cloud services are the biggest boost to Microsoft’s revenues from the pandemic shift in behavior. Both Office commercial and consumer are up, with Office 365 Commercial revenue growth up by 21 percent. Server products and cloud services revenue has also increased 22 percent as more businesses rely on cloud services for remote working. Azure revenue itself grew 48 percent.


The biggest news here from a consumer point of view is that Microsoft 365 Consumer subscribers have also increased to 45.3 million. That’s a jump of 27 percent year-over-year, and likely thanks to Microsoft’s renewed focus on consumers with Microsoft 365 and Microsoft Teams earlier this year.


AMD had a monster quarter

For the third quarter of 2020, AMD reported $2.8B in revenue, a 56% jump over the same quarter a year ago. As a result, AMD has once again set new revenue records for the company, posting both their best Q3 ever, and their best single quarter period. Driving this was further growth in both of AMD’s major segments, with everything from consumer CPU sales to EPYC and semi-custom sales reported as being on the rise.

And everything is looking positive for future growth, with both Xbox and PS5 using AMD in their next generation consoles.

AMD and Xilinx have hugely different product portfolios and are focused on different markets with a few exceptions. That is a good thing when it comes to acquisitions and I believe the two companies are complementary.

AMD is focused on high-performance CPUs and GPUs for PCs and datacenter servers and SoCs for game consoles and notebooks. Xilinx is focused on high-performance FPGAs, SoCs for datacenter (including SmartNICs), communications, automotive, industrial, aerospace, and defense markets.


Not earnings, but sticking with business, you’ll soon be able to Buy stuff on TikTok

Sarah Perez of Techcrunch explains:

TikTok is further investing in social commerce with today’s announcement of a new global partnership with e-commerce platform Shopify. The deal aims to make it easier for Shopify’s over 1 million merchants to reach TikTok’s younger audience and drive sales. The partnership will eventually expand to include other in-app shopping features, as well, the companies said.

At launch, the agreement allows Shopify merchants to create, run and optimize their TikTok marketing campaigns directly from the Shopify dashboard by installing the new TikTok channel app from the Shopify App Store. Once installed, merchants will have access to the key functions from the TikTok For Business Ads Manager at their disposal.


Earlier this year Facebook announced its big social commerce play. to buy stuff through FB, Insta and now whatsapp. Builds on strong marketing tools & means you don’t have to exit the app to buy something.

Live stream shopping, which is big in China, also likely to be see we see more of.


Wall Street Journal profile on Jack Dorsey

A fascinating insight into the part-time CEO’s very hands off approach to management.

Mr. Dorsey has acknowledged these issues and repeatedly pledged to address them. Current and former employees say he often acts at a glacial pace. Twitter took almost two years to increase the 140-character limit on tweets after Mr. Dorsey began asking about it in 2015. Employees developed dozens of variations internally for how to get rid of the limit, but were delayed as they waited for Mr. Dorsey to make a decision, according to people familiar with the efforts.

A billionaire several times over, Mr. Dorsey sports a large tattoo of the S-shaped integral symbol used in mathematics on his left arm and typically wears black T-shirts and hoodies. He was fired as Twitter CEO in 2008 in part for leaving work early to go to yoga classes.

At Twitter’s annual shareholder meeting in May, investors questioned Mr. Dorsey about his split time. “When will Twitter obtain a full-time CEO?” one asked. Another added: “Why do you, Jack, think you are the right leader for our company?”

“To me, this is not a function of time, it’s a function of prioritization,” Mr. Dorsey said.