Microsoft Q1 FY21: Office, LinkedIn and Dynamics revenue continue to grow

Microsoft released its FY21 Q1 results today, recording $37.2 billion in revenue, increased 12%. Microsoft reported that Office, LinkedIn and Dynamics revenue grew in the last quarter despite the COVID-19 situation around the world. Office Commercial products and cloud services revenue increased 9%, thanks to Office 365 Commercial growth. Even in the consumer space, Office revenue grew 13%. Also, Office 365 Consumer subscribers increased to 45.3 million. Even though advertisers are spending less money, LinkedIn revenue increased 16%. Finally, Dynamics products and cloud services revenue increased 19% mainly driven by Dynamics 365 revenue growth of 38%.

Revenue in Productivity and Business Processes was $12.3 billion and increased 11%, with the following business highlights:

• Office Commercial products and cloud services revenue increased 9% driven by Office 365 Commercial revenue growth of 21% (up 20% in constant currency)
• Office Consumer products and cloud services revenue increased 13% and Microsoft 365 Consumer subscribers increased to 45.3 million
• LinkedIn revenue increased 16%
• Dynamics products and cloud services revenue increased 19% (up 18% in constant currency) driven by Dynamics 365 revenue growth of 38% (up 37% in constant currency)

Due to Microsoft’s subscription business, Microsoft seems to be relatively insulated from the downturn due to the COVID-19 crisis.

See Microsoft’s full figures here.