Revenue Increases As Growth Across Cloud Services Continues — Microsoft Earnings

Microsoft CEO Satya Nadella at the Geek Wire Summit

This segment contains Office commercial products and cloud services (up 42 per cent), Office consumer products and cloud services (up 12 per cent), Dynamics products and cloud services (up 13 per cent) and the LinkedIn business which contributed $1.1 billion in revenue. This division produces universal Windows operating system.

Microsoft's surging revenue growth has been possible not just because of its strong performance in cloud, but also because the company was able to stop its More Personal Computing segment from sharply declining.

Investors will likely be happy with the boost in Microsoft's cloud business, which it has been pitching as the future trajectory for the company. It reported $24.5 billion in overall revenue, which is a 12 percent increase from this time previous year.

The company's search ad revenue, based in Bing, increased 15 percent.

Analysts surveyed by S&P Global Market Intelligence expected Microsoft to report per-share earnings of 72 cents on $23.56 billion in revenue.

By 3.2% shares in Microsoft also raised to $81.35 for in after-hours trade following the release. If Microsoft shares stay at these levels when markets open Friday, it would be an all-time high. In 2015, Nadella set a target of $20 billion in cloud revenue by 2018.

"Overall, Azure is now showing its strengths and is positioned well against AWS and Google, and is accelerating away from the likes of IBM and Oracle in what it provides as a general cloud engine for enterprises".

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The biggest contribution to Microsoft's commercial cloud is made by Office365.

"We were built for hybrid from the beginning", Ms. Hood said in an interview. Office 365, Dynamic 365 and Azure have all emerged as serious growth sources for the company, particularly as demand for PCs slows.

Separately, Microsoft has been pulling out of some key consumer technology businesses, most recently acknowledging that it will no longer be making Kinect motion-sensing cameras for its Xbox One game console. That is still true as of this quarter, Microsoft officials said. Server products grew by a more modest 2 percent.

Microsoft's focus on leveraging cloud services looks like it is paying off.

The figure came in at $20.4 billion for the quarter. A year ago, Microsoft recorded $2.3 billion in capital expenses. Xbox Live has 53 million monthly active users; up 6 million from a year ago, but flat sequentially.

Personal Computing revenues were reported at $9.4 billion.

But it showed sharp growth of 28 percent from its "productivity and business process" unit, which brought in revenues of $8.2 billion.

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