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.



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