Microsoft's Cloud Proves It's Worth the Big Price

20 July, 2018, 18:56 | Author: Eric Barnett
  • Satya Nadella

The company again noted an increase in Azure revenue - this quarter by 89 percent.

"We had an incredible year, surpassing $100 billion in revenue as a result of our teams' relentless focus on customer success and the trust customers are placing in Microsoft", said Satya Nadella, chief executive officer of Microsoft.

Analysts were expecting earnings per share of $1.08 on revenue of $29.2 billion for the last quarter of Microsoft's fiscal year.

"Office consumer products and cloud services revenue increased 8 per cent and Office 365 consumer subscribers increased to 31.4 million", Microsoft said, adding that LinkedIn revenue increased 37 per cent.

The tech giant's Productivity and Business Processes segment, which includes Microsoft Office, saw $9.7 billion of revenue, a 13% year-over-year increase. Without that, the company would have been looking at a net income of $30.3 billion, up 18 percent on 2017. Sales of Office 365 software rose by 38 per cent.


Microsoft's Intelligent Cloud, which CEO Satya Nadella has positioned as the cornerstone of the company's future, pulled in $9.6 billion.

Azure has a 16 per cent share of the global cloud infrastructure market, putting it in second place behind Amazon Web Services according to estimates made in April by Canalys. Microsoft's Surface business also saw significant growth for the quarter, posting a 25 percent gain over the same time past year. A few days ago, Gartner and IDC reported that the PC market grew last quarter, with strong commercial sales more than offsetting declines in the consumer space; Microsoft's numbers would appear to agree.

MICROSOFT SURPASSED $100bn in revenue for the first time in fiscal 2018 as the firm's cloud-first focus continues to pay off. This included Windows OEM revenue, which increased by 7%, and OEM pro revenue growing by 14%.

Surface revenue was up 25 percent to $1.2 billion, a reflection of the stronger product lineup today as compared to a year ago.

Switching gears to the More Personal Computing category, revenue increased by 17 percent, moving up to $10.8 billion. Gaming revenue increased 39% to $2.3bn, with the company's number of Xbox Live monthly active users increasing to 57 million.

Recommended:



Popular

Trump threatens to slap tariffs on all $505bn of Chinese imports
However, such a maneuver could also reignite an outflow of capital Beijing spent months trying to stanch. Earlier this year, he used national security as a justification for taxing imported steel and aluminum.

Kevin Kisner shoots 66 to take early lead in British Open
Woods birdied the first and fourth holes and missed the good opportunity at the sixth, a 5-footer. And when it added up, an even-par 71 on a day when Carnoustie was there for the taking.

Could an Early Dinner Lower Risk of Some Cancers?
They surveyed 1,205 breast cancer and 621 patients, as well as more than 2,000 people unaffected by the disease. Cancer Statistics Data Visualizations Tool, based on November 2017 submission data (1999-2015): U.S.

'Ready to Go' With Tariffs on $500B of Chinese Imports
Major indices in Germany and France, which had been trading largely flat, dropped by 0.3 per cent and... Earlier this year, he used national security as a justification for taxing imported steel and aluminum.

Tiger Woods Just Finished His First Round At The Open
McIlroy, 29, has not won a major in four years, with his touch on the greens being regarded as one of his shortcomings of late. Open. "To go out there and hit these shots again it gives you a great appreciation to just how athletic the game is today".

There was video of the crash captured the surviving passenger
South African flight engineer Chris Barnard died on the scene while the other victim later died in hospital, reported news.com.au. The South African Civil Aviation Authority (SACAA) is investigating the cause of the accident that happened soon after take-off.

Trump Says Critics Badly Want War With Russia
The resolution comes on the heels of growing concerns over the White House's initial willingness to agree to Putin's proposal. They were indeed demanding confrontations of Vladimir Putin and were extremely angry that the summit went well.

Harrisonburg native Toliver named WNBA All-Star
The logo of the WNBA team the player plays for is in the top left with colour removed, Nike's logo on the opposite side. Under the new All-Star Game format, players were selected for the first time without regard for conference affiliation.

Georgia Waitress Who Body-Slammed Male Customer Who Groped Her Speaks Out
Authorities were quickly called to the scene, where they arrested the man immediately after being shown the CCTV footage. Holden later made it clear on her Facebook page that she wants to put the whole thing behind her.

WhatsApp curbs message forwarding in bid to deter India lynch mobs
It did not give more details about the test or what kind of limits will be put in place, but said they will apply to all users. It also caused a public relations nightmare.