LinkedIn’s annual revenue passes $10 billion per year
Microsoft greatly exceeded Wall Street’s expectations for FY21 Q4. The tech giant reported a 21% increase in revenue to $46.2 billion compared to the same quarter in the previous year. It also shared that its operating income increased 42% to $16.5 billion. Among the nuggets shared by Microsoft was the fact that LinkedIn now brings in over $10 billion in revenue annually.
Microsoft CEO Satya Nadella said (emphasis added):
We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business. Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises we’ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years.
LinkedIn’s success comes at a time when many people are on the hunt for new jobs. Microsoft predicts that over 40% of people may quit their job this year.
Microsoft highlighted four results from the fiscal quarter in its report, one of which relates to LinkedIn. According to the company, “LinkedIn revenue increased 46% (up 42% in constant currency) driven by Marketing Solutions growth of 97% (up 91% in constant currency).”
While LinkedIn’s revenue surged year-over-year, Surface revenue dropped 20% in the same timeframe. Even following that drop, Surface revenue hit $1.37 billion in FY21 Q4.
Halo Infinite beta: Everything we know
Halo Infinite test flighting is coming in the near future. Here’s how to sign up for the Halo Insider Program and access the beta so you can help 343 Industries test the game.
Activision Blizzard employees remain hopeful during walkout
On Wednesday, July 28, Activision Blizzard employees walked out of their job. Hundreds of employees lined up outside Blizzard Entertainment headquarters in Irvine, Calif., in support of leadership accepting four demands from organizers stemming from an explosive California lawsuit that details wide-ranging sexual harassment, pay disparities, and even “frat boy” culture.
