LinkedIn doesn’t disclose how much of its revenue comes from China, but it reports having more than 54 million members in the country, its third-largest user base after the U.S. The company earlier this month announced it will be halting its localized version of LinkedIn in mainland China, citing tightening government restrictions affecting the only major Western social networking platform still operating in the country. Revenue from Microsoft’s LinkedIn jobs networking service increased 42% from the same time last year.
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But the PC market has also been hit by supply chain problems.
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Microsoft has been unveiling the next generation of its Windows software, called Windows 11, its first major update in six years. Sales in the segment grew by 12% to $13.3 billion.
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There was relatively slower growth in Microsoft’s personal computing business segment, which includes Windows software licenses for new computers.
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The company has been fiercely competing with Amazon, Google and other cloud providers for big business and government contracts. Sales from what Microsoft calls its “intelligent cloud” segment, which includes server products and its Azure cloud computing platform, were $17 billion, up 31% from a year ago. Microsoft’s stock rose almost 2% in after-hours trading. Analysts had been looking for revenue of $44 billion, according to FactSet Research. Microsoft posted revenue of $45.3 billion in its fiscal first quarter, up 22% from last year.
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Microsoft profits have soared throughout the pandemic thanks to ongoing demand for its software and cloud computing services for remote work and study. The Redmond, Washington-based tech company on Tuesday reported quarterly profit of $17.2 billion, or $2.27 per share, beating Wall Street expectations of $2.08 per share. (AP) - Growth in Microsoft’s cloud computing business helped push its profit up 24% in the July-September quarter over the same time last year. After a miss by the Pistons, Dewayne Dedmon’s pitch gave Miami an 85-79 lead, extended the run to 18-3, and gave Detroit another timeout.REDMOND, Wash. It didn’t help much as Herro’s Floater gave the Heat an 80-79 lead with time remaining at 8:09 and Herro added a 3-pointer the next time he held the ball. Herro’s consecutive 3-pointers cut the deficit to 77-74, and Pistons coach Dwane Casey called the timeout 9:58 to play. Hamadou Diallo left a 0.2 second interval left in that time giving Detroit a 76-67 advantage to enter the fourth inning. The Pistons led 53-47 after halftime, and Miami failed to get a major run in the third quarter.
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The Pistons play without striker Isaiah Stewart, who served his first game with a two-game suspension for Sunday’s intermission with Lakers star LeBron James. Jerami Grant had 21 points and seven rebounds for Detroit (4-13), with a 1-4 score at home. Kyle Lowry had 15 points, eight assists and six rebounds. Jimmy Butler and Bam Adebayo each added 15 points and 9 rebounds for the Heat, who won for the fifth time in six games. READ MORE: Monkey business: Animal rights activists protest against the Broward County Fair’s Banana Race featuring capuchin monkeys riding dogs
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Miami (12-6) overcame the Pistons 27-6 in the first 8:17 of the fourth inning to turn a nine-point deficit into a 12-point lead. DETROIT (AP) – Tyler Herro had 31 points and eight rebounds as the Miami Heat rallied to beat the Detroit Pistons 100-92 Tuesday night.