Context:
Financial Statements:
| Column 1                                                                             | Column 2   | Column 3      | Column 4   | Column 5   | Column 6     | Column 7   | Column 8   | Column 9   |
|:-------------------------------------------------------------------------------------|:-----------|:--------------|:-----------|:-----------|:-------------|:-----------|:-----------|:-----------|
| (In millions) (Unaudited)                                                            |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            | March 31,2021 |            |            | June 30,2020 |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Assets                                                                               |            |               |            |            |              |            |            |            |
| Current assets:                                                                      |            |               |            |            |              |            |            |            |
| Cash and cash equivalents                                                            |            | $             | 13,702     |            |              | $          | 13,576     |            |
| Short-term investments                                                               |            |               | 111,705    |            |              |            | 122,951    |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Total cash, cash equivalents, and short-term investments                             |            |               | 125,407    |            |              |            | 136,527    |            |
| Accounts receivable, net of allowance for doubtful accounts of$620and $788           |            |               | 26,322     |            |              |            | 32,011     |            |
| Inventories                                                                          |            |               | 2,245      |            |              |            | 1,895      |            |
| Other current assets                                                                 |            |               | 11,640     |            |              |            | 11,482     |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Total current assets                                                                 |            |               | 165,614    |            |              |            | 181,915    |            |
| Property and equipment, net of accumulated depreciation of$49,681and $43,197         |            |               | 54,945     |            |              |            | 44,151     |            |
| Operating lease right-of-use assets                                                  |            |               | 10,673     |            |              |            | 8,753      |            |
| Equity investments                                                                   |            |               | 5,395      |            |              |            | 2,965      |            |
| Goodwill                                                                             |            |               | 49,698     |            |              |            | 43,351     |            |
| Intangible assets, net                                                               |            |               | 8,127      |            |              |            | 7,038      |            |
| Other long-term assets                                                               |            |               | 14,427     |            |              |            | 13,138     |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Total assets                                                                         |            | $             | 308,879    |            |              | $          | 301,311    |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Liabilities and stockholders’ equity                                                 |            |               |            |            |              |            |            |            |
| Current liabilities:                                                                 |            |               |            |            |              |            |            |            |
| Accounts payable                                                                     |            | $             | 13,412     |            |              | $          | 12,530     |            |
| Current portion of long-term debt                                                    |            |               | 8,051      |            |              |            | 3,749      |            |
| Accrued compensation                                                                 |            |               | 8,032      |            |              |            | 7,874      |            |
| Short-term income taxes                                                              |            |               | 2,165      |            |              |            | 2,130      |            |
| Short-term unearned revenue                                                          |            |               | 30,083     |            |              |            | 36,000     |            |
| Other current liabilities                                                            |            |               | 10,450     |            |              |            | 10,027     |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Total current liabilities                                                            |            |               | 72,193     |            |              |            | 72,310     |            |
| Long-term debt                                                                       |            |               | 50,007     |            |              |            | 59,578     |            |
| Long-term income taxes                                                               |            |               | 27,157     |            |              |            | 29,432     |            |
| Long-term unearned revenue                                                           |            |               | 2,631      |            |              |            | 3,180      |            |
| Deferred income taxes                                                                |            |               | 173        |            |              |            | 204        |            |
| Operating lease liabilities                                                          |            |               | 9,272      |            |              |            | 7,671      |            |
| Other long-term liabilities                                                          |            |               | 12,941     |            |              |            | 10,632     |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Total liabilities                                                                    |            |               | 174,374    |            |              |            | 183,007    |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Commitments and contingencies                                                        |            |               |            |            |              |            |            |            |
| Stockholders’ equity:                                                                |            |               |            |            |              |            |            |            |
| Common stock and paid-in capital – shares authorized24,000; outstanding7,534and7,571 |            |               | 82,308     |            |              |            | 80,552     |            |
| Retained earnings                                                                    |            |               | 50,735     |            |              |            | 34,566     |            |
| Accumulated other comprehensive income                                               |            |               | 1,462      |            |              |            | 3,186      |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Total stockholders’ equity                                                           |            |               | 134,505    |            |              |            | 118,304    |            |
|                                                                                      |            |               |            |            |              |            |            |            |
|                                                                                      |            |               |            |            |              |            |            |            |
| Total liabilities and stockholders’ equity                                           |            | $             | 308,879    |            |              | $          | 301,311    |            |
|                                                                                      |            |               |            |            |              |            |            |            |

---

| Column 1                                                                                     | Column 2   | Column 3                    | Column 4   | Column 5   | Column 6   | Column 7                   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   |
|:---------------------------------------------------------------------------------------------|:-----------|:----------------------------|:-----------|:-----------|:-----------|:---------------------------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
| (In millions) (Unaudited)                                                                    |            | Three Months EndedMarch 31, |            |            |            | Nine Months EndedMarch 31, |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            | 2021                        |            |            | 2020       |                            |            |            | 2021        |             |             |             | 2020        |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Operations                                                                                   |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net income                                                                                   |            | $                           | 15,457     |            |            | $                          | 10,752     |            |             | $           | 44,813      |             |             | $           | 33,079      |             |
| Adjustments to reconcile net income to net cash from operations:                             |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Depreciation, amortization, and other                                                        |            |                             | 2,936      |            |            |                            | 3,118      |            |             |             | 8,342       |             |             |             | 9,292       |             |
| Stock-based compensation expense                                                             |            |                             | 1,525      |            |            |                            | 1,338      |            |             |             | 4,547       |             |             |             | 3,940       |             |
| Net recognized losses (gains) on investments and derivatives                                 |            |                             | (351       | )          |            |                            | 52         |            |             |             | (833        | )           |             |             | (140        | )           |
| Deferred income taxes                                                                        |            |                             | (88        | )          |            |                            | (206       | )          |             |             | (116        | )           |             |             | (436        | )           |
| Changes in operating assets and liabilities:                                                 |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Accounts receivable                                                                          |            |                             | 290        |            |            |                            | 891        |            |             |             | 5,125       |             |             |             | 6,778       |             |
| Inventories                                                                                  |            |                             | (329       | )          |            |                            | 181        |            |             |             | (349        | )           |             |             | 419         |             |
| Other current assets                                                                         |            |                             | 478        |            |            |                            | 94         |            |             |             | 1,154       |             |             |             | (179        | )           |
| Other long-term assets                                                                       |            |                             | (885       | )          |            |                            | 124        |            |             |             | (2,446      | )           |             |             | (726        | )           |
| Accounts payable                                                                             |            |                             | 833        |            |            |                            | 546        |            |             |             | 1,181       |             |             |             | (8          | )           |
| Unearned revenue                                                                             |            |                             | (473       | )          |            |                            | (736       | )          |             |             | (6,764      | )           |             |             | (6,564      | )           |
| Income taxes                                                                                 |            |                             | 1,074      |            |            |                            | 765        |            |             |             | (2,277      | )           |             |             | (3,042      | )           |
| Other current liabilities                                                                    |            |                             | 1,590      |            |            |                            | 695        |            |             |             | 394         |             |             |             | (1,136      | )           |
| Other long-term liabilities                                                                  |            |                             | 122        |            |            |                            | (110       | )          |             |             | 1,259       |             |             |             | 725         |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net cash from operations                                                                     |            |                             | 22,179     |            |            |                            | 17,504     |            |             |             | 54,030      |             |             |             | 42,002      |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Financing                                                                                    |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Cash premium on debt exchange                                                                |            |                             | (1,754     | )          |            |                            | 0          |            |             |             | (1,754      | )           |             |             | 0           |             |
| Repayments of debt                                                                           |            |                             | (500       | )          |            |                            | (3,000     | )          |             |             | (3,750      | )           |             |             | (5,518      | )           |
| Common stock issued                                                                          |            |                             | 396        |            |            |                            | 342        |            |             |             | 1,243       |             |             |             | 1,003       |             |
| Common stock repurchased                                                                     |            |                             | (6,930     | )          |            |                            | (7,059     | )          |             |             | (20,208     | )           |             |             | (17,177     | )           |
| Common stock cash dividends paid                                                             |            |                             | (4,221     | )          |            |                            | (3,876     | )          |             |             | (12,307     | )           |             |             | (11,272     | )           |
| Other, net                                                                                   |            |                             | (183       | )          |            |                            | (1,052     | )          |             |             | (339        | )           |             |             | (805        | )           |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net cash used in financing                                                                   |            |                             | (13,192    | )          |            |                            | (14,645    | )          |             |             | (37,115     | )           |             |             | (33,769     | )           |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Investing                                                                                    |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Additions to property and equipment                                                          |            |                             | (5,089     | )          |            |                            | (3,767     | )          |             |             | (14,170     | )           |             |             | (10,697     | )           |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets |            |                             | (7,512     | )          |            |                            | (329       | )          |             |             | (8,408      | )           |             |             | (871        | )           |
| Purchases of investments                                                                     |            |                             | (18,375    | )          |            |                            | (15,910    | )          |             |             | (48,047     | )           |             |             | (58,311     | )           |
| Maturities of investments                                                                    |            |                             | 15,016     |            |            |                            | 17,247     |            |             |             | 44,546      |             |             |             | 47,559      |             |
| Sales of investments                                                                         |            |                             | 5,876      |            |            |                            | 2,810      |            |             |             | 10,711      |             |             |             | 14,559      |             |
| Other, net                                                                                   |            |                             | 400        |            |            |                            | 0          |            |             |             | (1,356      | )           |             |             | 0           |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net cash from (used in) investing                                                            |            |                             | (9,684     | )          |            |                            | 51         |            |             |             | (16,724     | )           |             |             | (7,761      | )           |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Effect of foreign exchange rates on cash and cash equivalents                                |            |                             | (33        | )          |            |                            | (64        | )          |             |             | (65         | )           |             |             | (118        | )           |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net change in cash and cash equivalents                                                      |            |                             | (730       | )          |            |                            | 2,846      |            |             |             | 126         |             |             |             | 354         |             |
| Cash and cash equivalents, beginning of period                                               |            |                             | 14,432     |            |            |                            | 8,864      |            |             |             | 13,576      |             |             |             | 11,356      |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Cash and cash equivalents, end of period                                                     |            | $                           | 13,702     |            |            | $                          | 11,710     |            |             | $           | 13,702      |             |             | $           | 11,710      |             |
|                                                                                              |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |

---

| Column 1                                            | Column 2   | Column 3   | Column 4                    | Column 5   | Column 6   | Column 7   | Column 8                   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   |
|:----------------------------------------------------|:-----------|:-----------|:----------------------------|:-----------|:-----------|:-----------|:---------------------------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
| (In millions, except per share amounts) (Unaudited) |            |            | Three Months EndedMarch 31, |            |            |            | Nine Months EndedMarch 31, |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            | 2021                        |            |            |            | 2020                       |            |             |             | 2021        |             |             |             | 2020        |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Revenue:                                            |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Product                                             |            | $          | 16,873                      |            |            | $          | 15,871                     |            |             | $           | 52,136      |             |             | $           | 49,894      |             |
| Service and other                                   |            |            | 24,833                      |            |            |            | 19,150                     |            |             |             | 69,800      |             |             |             | 55,088      |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Total revenue                                       |            |            | 41,706                      |            |            |            | 35,021                     |            |             |             | 121,936     |             |             |             | 104,982     |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Cost of revenue:                                    |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Product                                             |            |            | 4,277                       |            |            |            | 3,376                      |            |             |             | 13,932      |             |             |             | 11,647      |             |
| Service and other                                   |            |            | 8,768                       |            |            |            | 7,599                      |            |             |             | 24,309      |             |             |             | 22,092      |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Total cost of revenue                               |            |            | 13,045                      |            |            |            | 10,975                     |            |             |             | 38,241      |             |             |             | 33,739      |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Gross margin                                        |            |            | 28,661                      |            |            |            | 24,046                     |            |             |             | 83,695      |             |             |             | 71,243      |             |
| Research and development                            |            |            | 5,204                       |            |            |            | 4,887                      |            |             |             | 15,029      |             |             |             | 14,055      |             |
| Sales and marketing                                 |            |            | 5,082                       |            |            |            | 4,911                      |            |             |             | 14,260      |             |             |             | 14,181      |             |
| General and administrative                          |            |            | 1,327                       |            |            |            | 1,273                      |            |             |             | 3,585       |             |             |             | 3,455       |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Operating income                                    |            |            | 17,048                      |            |            |            | 12,975                     |            |             |             | 50,821      |             |             |             | 39,552      |             |
| Other income (expense), net                         |            |            | 188                         |            |            |            | (132                       | )          |             |             | 876         |             |             |             | 62          |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Income before income taxes                          |            |            | 17,236                      |            |            |            | 12,843                     |            |             |             | 51,697      |             |             |             | 39,614      |             |
| Provision for income taxes                          |            |            | 1,779                       |            |            |            | 2,091                      |            |             |             | 6,884       |             |             |             | 6,535       |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Net income                                          |            | $          | 15,457                      |            |            | $          | 10,752                     |            |             | $           | 44,813      |             |             | $           | 33,079      |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Earnings per share:                                 |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Basic                                               |            | $          | 2.05                        |            |            | $          | 1.41                       |            |             | $           | 5.93        |             |             | $           | 4.34        |             |
| Diluted                                             |            | $          | 2.03                        |            |            | $          | 1.40                       |            |             | $           | 5.88        |             |             | $           | 4.30        |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Weighted average shares outstanding:                |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |
| Basic                                               |            |            | 7,539                       |            |            |            | 7,602                      |            |             |             | 7,554       |             |             |             | 7,619       |             |
| Diluted                                             |            |            | 7,597                       |            |            |            | 7,675                      |            |             |             | 7,617       |             |             |             | 7,693       |             |
|                                                     |            |            |                             |            |            |            |                            |            |             |             |             |             |             |             |             |             |

---

English News:
"Global Public Cloud Storage Management Markets Report 2020-2027 Featuring Alibaba, AWS, AT&T, Google, IBM, Microsoft, Oracle, Rackspace, & Verizon - ResearchAndMarkets.com - DUBLIN--(BUSINESS WIRE)--The "Public Cloud Storage Management - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Public Cloud Storage Management Market to Reach $25.1 Billion by 2027 Amid the COVID-19 crisis, the global market for Public Cloud Storage Management estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$25.1 Billion by 2027, growing at a CAGR of 27.7% over the period 2020-2027. Large Enterprises, one of the segments analyzed in the report, is projected to record 25.6% CAGR and reach US$13.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the SMEs segment is readjusted to a revised 30.6% CAGR for the next 7-year period. The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 27.1% CAGR The Public Cloud Storage Management market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2027 trailing a CAGR of 27.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.6% and 24% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.7% CAGR. Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION Select Competitors (Total 35 Featured): For more information about this report visit https://www.researchandmarkets.com/r/3o84d6"

Chinese News:
导读 市场热捧高科技，也令人们继续关注业界兼并购的新动向。美国当地时间4月27日盘后，微软、谷歌、AMD(超威半导体)发布今年1-3月的季度业绩。三大公司覆盖高科技软、硬件多种领域，收入均获得双位数增长，反映围绕云、高性能运算、图像处理的科技基建需求旺盛。市场热捧高科技，也令人们继续关注业界兼并购的新动向，其中，微软在过去4个月中已经发起4次市场瞩目的投资动作。据统计，4月以来，高科技板块再度跑赢传统行业板块。月内，美股市值排名前五的FAAMG(Facebook、苹果、亚马逊、微软、谷歌)股价均涨超过10%，纳斯达克指数累涨6.37%。本周后半周，苹果、Facebook、亚马逊、高通等公司也将发布业绩，市场目前预期乐观。微软谷歌发力云基建 季报显示，期内微软收入417.1亿美元，按年增19%；净利润155亿美元，按年增44%。谷歌收入553.14亿美元，按年增34%；净利润179.3亿美元，按年增162%。记者查询市场数据，在市值上，微软和谷歌已分别达到1.98万亿美元、1.55万亿美元，分别排名美股市值第二、第四位；在净利润绝对值上，两公司“赚钱能力”也在全球排名前10位。在如此高的基数上，两公司依然获得双位数乃至三位数的盈利增长，令人感叹科技公司的成长性惊人。最新的季报也反映出，科技公司的高成长故事正在转换主题。在科技时代的上一篇章中，微软和谷歌分别受惠于电脑产品和搜索引擎的成长，而在下一个篇章中，以“云”引领的数字化转型、人工智能、物联网正在逐步成为新的增长点。处于主题转换的交界处，传统业务目前仍是微软和谷歌的盈利支柱。微软方面，PC、笔记本电脑、XBOX游戏机以及Office软件仍然为总收入贡献63.8%；谷歌方面，搜索引擎、广告对收入贡献达到80.8%。上述数字反映，在一季度，由于居家办公、居家娱乐和更多数字化处理的需求出现，人们依然热衷于采购电子产品，并且增加了上网搜索的时间。展望科技成长的下一主题，来自微软和谷歌的高管不约而同地强调了对“云”的重视。业绩显示，微软云期内带来了151.2亿美元收入，而谷歌云带来了40.47亿美元收入。然而，谷歌也同时披露称，云业务仍在季内带来高达9.74亿美元的亏损。微软大手笔投资引人注目 4月以来，微软股价升逾11%，市值正在向2万亿美元进发，并取代亚马逊成为美股市值第二的公司。与此同时，季报显示截至3月末，微软手握现金及等价物、短期投资共1254.07亿美元。在现金和股权出资上的优势，令市场十分关注微软下一步的市场收购。今年以来，微软继续在人工智能领域进行大手笔投资。这些收购主要涉及自然语言处理、工业互联网、自动驾驶领域。最新一起收购计划发生于4月12日，微软在AI自然语言处理方面再发力，宣布已经和Nuance达成最终收购协议。Nuance本身已经上市，在2020年股价暴增147.3%、在今年前4个月股价继续升20.6%，已令市值达到133亿美元，因此微软为此项收购也不得不付出197亿美元的代价。不过，在市场情绪热络的同时，兼并购也会面临更大的价格谈判阻力。市场消息称，微软对Discord的竞购，已经在4月失败。提供线上聊天平台的Discord在游戏界尤其流行，为玩家们提供免费实时通话平台，疫情期间更是获得大量教育、商业领域的采用，因此市场估值节节攀升。在这种情况下，Discord对前途也另有想法，在与包括微软在内的买家谈判的同时，也在寻求未来发行IPO的可能性。市场消息称，微软的出价已经达到100亿美元，但仍然没有打动Discord。历史数据显示，自从1987年以来，微软迄今已经完成了大大小小共计270次收购，平均每年都要收购6家公司，可谓是科技界最喜欢“买买买”的公司之一。微软最为知名的收购对象包括社交网站Linkedin、语音通讯平台Skype、社群协作平台Github、手机制造商诺基亚、5G协作平台Affirmed等等。显然，微软成功的兼并购历史，令市场对其2021年更多的动作充满憧憬。科技“硬件”需求仍旺盛 云、人工智能的大发展，背后的根源动力之一是芯片硬件的性能提升。CPU和GPU知名制造商AMD(超威半导体)的最新季报，就显示了科技“硬件”基建的需求十分旺盛。今年1-3月，AMD收入和净利润分别为34.5亿美元、5.55亿美元，按年增速更是分别达到93%、243%。该公司称，这主要是因为CPU、GPU产品换代升级，令销售单价(average selling price)均有所提升。此外，AMD也认为，“云建设”对硬件设备提出了更高的要求。这表现在企业级别产品收入达到13.5亿美元，按年大涨286%。AMD强调，企业级别的数字化建设对高计算性能、工作量和安全性都有很高的要求。AMD的产品已经用于微软Azure、Oracle云、腾讯云、亚马逊云、谷歌云等多家公有云的主要基建平台上。在GPU领域，AMD与英伟达被认为是目前业界的“双雄”，控制全球市场的大部分出货。值得留意的是，英伟达也在4月12日曾对2-4月的季度表现发出盈利预喜。这反映GPU市场的确在2021年年初迎来了格外火爆的整体市场行情，而绝非单一公司的个别造好。随着一季度业绩发放，AMD顺势提升了对全年的业绩展望。仅三个月前，该公司认为2021财年的全年收入会比2020年增长33%，然而今时今日，该公司认为增幅将达到50%。

Japanese News:
"米マイクロソフトは4月27日、2021年1～3月期（第3四半期）の業績を公表した。同期の売上高は前年の同時期と比べて19％伸び、好調を維持した。クラウドサービスへの旺盛な需要に加え、パソコン出荷台数が四半期としては過去約20年で最も大きく伸びたことが業績を押し上げた。 会社側が発表した資料によれば、同期の売上は約417億ドル（日本円で約4兆5300億円）となり、ブルームバーグが集計した市場予測の平均値である411億ドルを超えた。しかし、市場の予測レンジ上限（419億ドル）には届かなかったことで、発表後の時間外取引では株価が一時2.3％ほど下落した。一部の市場関係者からは、最近の株価の好調を受け、予測をさらに大きく上回ることへの期待が過熱気味だったとの見解も出ている。 マイクロソフトの株価はここ1年で約50％上昇し、企業の時価総額も2兆ドル近くに達している。この背景には、クラウドを軸とした事業変革を進めるサティア・ナデラCEOに対する投資家の高い期待感があるとみられる。 主力のクラウドサービス「アジュール」の売上は前年同期比で50％の増加となり、前の四半期と同水準を保った。アジュールは堅調に業績を伸ばしているものの、アマゾンやグーグルといった競合他社との激しい競争にさらされている。また、世界的な半導体の供給不足が、同社のゲーム機「Xbox」の販売にも影響を与えている。 ウェドブッシュ証券のアナリスト、ダン・アイブス氏は「市場はさらに強力な売上数字を期待していたようだ」と述べたうえで、「ただしアジュールの成長は市場予測を上回っており、マイクロソフトに対して強気な投資家にとっては良い兆候となっている」と分析している。 純利益については155億ドルで、1株あたり利益は2.03ドルとなり、市場予想の1.78ドルを上回る結果となった。 新型コロナウイルスによるパンデミックの影響で、多くの企業がクラウドサービスへの移行を加速させているほか、マイクロソフトが提供するオンライン協業ソフト「オフィス」などへのアップグレードも進展している。そのため、同期のプロダクティビティ＆ビジネスプロセス部門の売上高は、前年同期比15％増の136億ドルを記録した。 エイミー・フード最高財務責任者（CFO）はインタビューで、同社のクラウドサービスは顧客企業からの信頼が高まり、導入期間も長期化していると述べている。 モア・パーソナル・コンピューティング部門も売上が19％伸び、130億ドルとなった。かつて業績を圧迫していたパソコン市場だが、学校や企業でのパソコン更新需要の高まりに支えられ、特に昨年コロナ禍で製造・購入活動が低迷していた時期と比較し、大幅な回復を遂げた。 しかしフードCFOは、世界的な半導体不足の影響で、パソコンおよびXboxの供給に引き続き制約がかかっていると指摘。Xboxの販売台数は前年同期比232％増と大きく伸びたが、在庫状況は依然として逼迫しており、この状況は次の四半期（4～6月）にも続く可能性があるとの見通しを示した。"

Spanish News:
"El gigante del software Microsoft anunció este martes unos beneficios de US$44,813 millones en los nueve primeros meses de su ejercicio fiscal 2021, lo que supone un incremento del 35% respecto al mismo período del ejercicio anterior, gracias al aumento de ventas por la pandemia. La empresa de Redmond (estado de Washington, EE.UU.) ingresó entre julio y marzo US$121,936 millones, por encima de los US$104,982 millones anunciados en marzo de 2020, con el grueso del crecimiento centrado en los servicios. Por su parte, los inversores de Microsoft ganaron durante los pasados nueve meses US$5.93 por título, frente a los US$4.34 que se embolsaron en el tramo equivalente del ejercicio fiscal 2020. Por segmentos de negocio, las áreas de mayor crecimiento para la empresa creadora del sistema operativo Windows fueron la computación en nube -algo que ya viene siendo habitual durante los últimos años- y los videojuegos, una de las industrias más beneficiadas por los cambios en el ocio a raíz del covid-19. Así, Azure, la plataforma de computación en nube de la empresa y competidor de AWS de Amazon, creció un 50% interanual, y Dynamics 365, el software de gestión para empresas muy vinculado a la nube, subió un 45%. El negocio en torno a la videoconsola de Microsoft, Xbox, aumentó un 34%, puesto que con el cierre obligatorio de gran parte de la oferta de ocio fuera del hogar, millones de personas recurrieron a los juegos digitales para pasar el tiempo. Otro producto de la compañía que también experimentó un crecimiento sustancial el pasado año fue la red profesional LinkedIn, cuya facturación se incrementó un 25%. “Tras más de un año de pandemia, la tendencia de adopción digital no se está ralentizando. Al contrario, se acelera, y esto es solo el principio”, indicó al presentar los resultados el consejero delegado de Microsoft, Satya Nadella. Las cuentas de la empresa, sin embargo, quedaron por debajo de lo esperado por los analistas y no terminaron de convencer en Wall Street, donde las acciones de la firma se dejaban un 3.27% hasta los US$253.40 por título en las operaciones electrónicas posteriores al cierre de los parqués."

Greek News:
"Η εταιρία Microsoft έχει σαν στρατηγική της την χρήση της τεχνολογίας ως μοχλό ανάπτυξης στους τομείς των επιχειρησιακών λύσεων και ανάπτυξης εφαρμογών. Στο ετήσιο συνέδριο Build, το οποίο φέτος πραγματοποιήθηκε στο San Franscisco, η εταιρία παρουσίασε νέων υπηρεσιών οι οποίες έχουν ως σκοπό την αύξηση του ""Developer Velocity"", δηλαδή της ταχύτητας και αποδοτικότητας των προγραμματιστών στην ανάπτυξη λογισμικού. Κάποιοι από τους κύριους άξονες ανακοινώσεων ήταν το ""Build productively"" και το ""Scale your innovation"". Σε αυτούς τους άξονες εισέρχονται εργαλεία όπως το Visual Studio 2022, τα Windows developer tools αλλά και οι πλατφόρμες όπως το Azure Applied AI και Powerplatform σε συνδυασμό με τεχνολογίες AI όπως το GPT-3. Η Microsoft δίνει έμφαση στη δημιουργία ενός οικοσυστήματος που θα στηρίζει τη ταχεία καινοτομίας, προσφέροντας στους προγραμματιστές σύγχρονες λύσεις για την ανάπτυξη εφαρμογών. Παράλληλα, σύμφωνα με τα οικονομικά αποτελέσματα για το τρίτο τρίμηνο του οικονομικού έτους 2021, η εταιρεία σημείωσε αύξηση 26% στα έσοδα από τα προϊόντα Dynamics και τις υπηρεσίες cloud και Server σε σύγκριση με την αντίστοιχη περίοδο του προηγούμενου έτους. Ξεχωρίζουν η αύξηση 45% στο Dynamics 365 και η ενίσχυση κατά 50% της πλατφόρμας Azure, στοιχεία που καταδεικνύουν τη σταθερά ενισχυόμενη παρουσία της Microsoft στην αγορά των επιχειρησιακών εφαρμογών και των cloud υποδομών."

Question:
What trends can be observed in the company’s revenue amount over the past few years? Please quote the piece(s) of news aligned with the finding(s), if any.

Answer:

Question: What trends can be observed in the company’s revenue amount over the past few years? Please quote the piece(s) of news aligned with the finding(s), if any.

Microsoft’s revenue showed strong year-over-year growth, with total revenue reaching $41.7B in Q1 2021, increasing from $35.0B in Q1 2020. The rise was largely driven by demand in cloud services and personal computing.

News Evidence: "微软收入417.1亿美元，按年增19%" "売上高は前年の同時期と比べて19％伸び" "ingresó... US$121,936 millones... por encima de... US$104,982 millones"

Question: How does the company’s balance sheet reflect its financial health in terms of total amount of current assets and the ratio of total liability divided by total equity? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.

Microsoft’s R&D ratio was 0.125 ($5.2B/ $41.7B), showing continued investment in innovation.

News Evidence:
None

Question: Are there any significant changes or irregularities in the amount of operating, investing and financing cash flow? Please quote the piece(s) of news aligned with the finding(s), if any.

1. cloud services: Azure
2. personal computing: Windows, Xbox
3. productivity: Office, LinkedIn

Financial Statement Evidence: Service and other revenue is $27.2B in revenue and $18.8B in gross margin, while Product revenue with $13.9B in revenue and $11.4B in gross margin

Question: What is the company's R&D ratio (R&D divided by revenue)? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.

Microsoft is actively investing in AI and cloud acquisitions (e.g., Nuance deal for $19.7B) and returning capital via share repurchases and dividends. In Q1 2021, $6.2B was used for buybacks and $4.2B for dividends.

Financial Statement Evidence: Cash used for financing activities reaches $13.2B; Common stock repurchased is $6.9B; Dividends paid reaches $4.2B; Cash used for investing activities reaches $9.7B