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Workspace Geek - Coworking Software Simplified
Home News

Microsoft And Google See Rising Demand Thanks To Hybrid Working

Aayat AlibyAayat Ali
October 27, 2021
in News
Reading Time: 1 min read
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Microsoft and Google are seeing skyrocketing demand for their cloud-based services from companies who are shifting to hybrid work models.

Microsoft said revenue from its cloud sector grew 31% to $17 billion, which exceeded analyst expectations of around $16.58 billion.

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Additionally, revenue for the companies’ flagship cloud computing business Azure grew 48%.

The company’s overall revenue, which was predicted to be around $43.97 billion, grew from $37.15 billion to $45.32 billion during the first quarter of 2021 to the end of September.

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Workspace Geek - Coworking Software Simplified

Google saw its advertising revenue grow to $53.1 billion during the third quarter due to people spending more time online. Even more, its parent company Alphabet saw sales increase to $65.1 billion, beating the average estimate of $63.336 billion.

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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