Hey, I'm Dan! I'm the CEO of Plus and a venture partner at Madrona. I write the DL, a newsletter about tech in the Pacific Northwest

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Earnings Highlights from Microsoft and Amazon

Microsoft: “As COVID-19 impacts every aspect of our work and life, we’ve seen two years’ worth of digital transformation in two months

  • Beat expectations on revenue ($35B) and profit ($10.75B)
  • 75M daily active users on Teams
  • 59% growth in Azure revenue
  • 10M subscribers to Xbox Game Pass
  • Slowdown in sales to SMBs and industries impacted by COVID, consulting projects, and advertising spend


Amazon: “If you’re a share owner in Amazon, you may want to take a seat, because we’re not thinking small

  • Beat expectations on revenue ($75.5B); fell short on profit ($2.5B)
  • Expects to spend $4B next quarter on COVID-related expenses
  • Increased grocery delivery by 60% but still not meeting demand
  • AWS revenue grew to $10.2B, lower than expectations because of less spend from travel and hospitality customers


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