Microsoft revenue exceeds $100bn boosted by cloud services

Microsoft revenue exceeds $100bn boosted by cloud services

Analysts predicted earnings of $1.08 per share on $29.22 billion in revenue. Really good. According to Microsoft, it earned a net income of $8.9 billion and a revenue of $30.1 billion for the quarter, which ended on June 30.

Microsoft now has three reporting segments: Productivity and Business Processes (covering Office, Exchange, SharePoint, Skype, and Dynamics), Intelligent Cloud (including Azure, Windows Server, SQL Server, Visual Studio, and Enterprise Services), and More Personal Computing (covering Windows, hardware, and Xbox, as well as search and advertising).

"We had an incredible year", chief executive Satya Nadella said in a release.

Several key businesses in Microsoft's portfolio saw sales gains during the quarter, including its expanding commercial cloud business, which jumped 53 percent to $6.9 billion. It was up 23 percent YoY to $9.6 billion for the quarter, and reached $32.2 billion for the year, marking a 15 percent increase.

Speaking to financial analysts on a conference call, Nadella made a point of praising Azure, noting Microsoft's recently signed mega-deal with Walmart to provide all of the cloud backend for the U.S. big-box behemoth.

Microsoft reported net income of $16.6 billion for the fiscal year on revenue that rose 14 percent to $110.4 billion. Without the charge, yearly income was up 17 percent to $35.1 billion. LinkedIn revenue grew 37 percent to $1.46 billion, and the company took an operating loss of $182 million, down from $353 million a year ago.

Revenue in Personal Computing was $10.8 billion and increased 17 per cent. Gaming revenue increased 39 per cent, with Xbox software and services revenue growth of 36 per cent.

Intelligent Cloud grew by 23% (20% CC), making it the fastest growing chunk of Microsoft's business, once again.

The Windows maker posted earnings of $1.14 per share on $30.1 billion of revenue. Azure revenues were up 89 per cent, while enterprise services was up 7 per cent.

Switching gears to the More Personal Computing category, revenue increased by 17 percent, moving up to $10.8 billion.

Microsoft also reported strong growth from other areas of its business, including social networking, gaming, and hardware.

Related News:

  • North Korea, Eritrea have highest rates of modern slavery

    North Korea, Eritrea have highest rates of modern slavery

    The estimated proportion of population living in "modern slavery" in Bangladesh is 3.67 per 1,000 people. But North Korea had the highest percentage of its population enslaved, and that remains the case today.
    Action 'Stargirl' Series In The Works At DC Universe

    Action 'Stargirl' Series In The Works At DC Universe

    The servcie can be pre-ordered at DC Universe for a yearly fee of $74.99. The announcement came today in a Spotlight panel at Comic-Con.

    'Ready to Go' With Tariffs on $500B of Chinese Imports

    In Europe, the FTSE 100 dropped half a per cent in minutes after the comments and Germany's DAX suffered a similar fall. Trump told CNBC in an interview broadcast Friday, referring to USA trade with China.
  • Tour de France 2018: Former champion Vincenzo Nibali abandons after freak crash

    Tour de France 2018: Former champion Vincenzo Nibali abandons after freak crash

    He tried a similar move in the Tour of Flanders, which ultimately opened the door for Niki Terpstra's solo win. The action from Bourg-Saint-Maurice to Alpe d'Huez will be broadcast live on NBC Sports Network.
    Police found remains every day at suspected serial killer burial site

    Police found remains every day at suspected serial killer burial site

    The majority of the alleged victims were men with ties to Toronto's gay community, many of whom had been missing for years. She said dental comparisons and DNA screening could take several weeks to complete if deemed necessary.
    ‘Oddball’ among 12 new moons discovered around Jupiter

    ‘Oddball’ among 12 new moons discovered around Jupiter

    It has such a unique orbit it is at risk of smashing into the others - causing a cosmic collision that will grind them to dust. Two of the discoveries are part of an inner group in the prograde that orbit in the same direction as the planet's rotation.
  • Trump ready to put tariffs on $500B of Chinese imports, report

    The Trump administration has also angered key allies by imposing tariffs of steel and aluminum imports earlier this year. China imports only $129.9 billion of United States goods, which leaves it little room for a tit-for-tat response.
    Ireland to face England in Lord's Test

    Ireland to face England in Lord's Test

    The selectors also included left-arm wrist-spinner Kuldeep Yadav after his impress returns in recent limited overs matches. Pant helped his own case with an unbeaten 67 in a successful chase of 321 against West Indies A in Taunton .
    Two tornadoes form in IA; steeple ripped off building in separate twister

    Two tornadoes form in IA; steeple ripped off building in separate twister

    Pella Regional Health Center spokeswoman Billie Rhamy said seven people injured at the Vermeer plant were treated at the hospital. At the UnityPoint Health facility, patients were evacuated to a nearby hospital after the building was damaged by the tornado .
  • Kisner first round leader in benign Open conditions

    Kisner first round leader in benign Open conditions

    This came after concerns about his neck - he was seen sporting two strips of black kinesiology tape before teeing off. But it did nothing to change the state of Woods' latest comeback, which remains stalled deep into the golf season.
    Suspect detained in killing of Olympic figure skating star Denis Ten

    Suspect detained in killing of Olympic figure skating star Denis Ten

    International Olympic Committee President Thomas Bach reacted to news by praising him on both professional and personal levels. Kazakh news agencies report Ten was stabbed after a dispute with people who tried to steal a mirror from his vehicle .
    Researchers Warn Buried Internet Cables at Risk as Sea Levels Rise

    Researchers Warn Buried Internet Cables at Risk as Sea Levels Rise

    In a study published Monday, scientists examined the vulnerability of communication infrastructure to human-driven sea level rise. A complex network of fiber optic cables, the physical internet, carries data to and from your computer in the blink of an eye.


Most liked

Trump threatens to slap tariffs on all $505bn of Chinese imports
China imports only $129.9 billion of USA goods, which leaves it little room for a tit-for-tat response. A weaker United States dollar leads to higher exports.

What? Rajkumar Hirani's Favorite Star To Replace Arshad Warsi in 'Munnabhai 3'?
After all, there is no denying that Ranbir did give us all a phenomenal performance as Sanjay Dutt in the biopic. The gripping storyline of the versatile actor has won the hearts of the critics as well as the audience.

'Several hurt' in stabbing on German bus
Witnesses told the paper that the attack happened in Kücknitz neighborhood on a public bus en route to Travemünde. Authorities have not yet confirmed the suspect's motive, but prosecutors said they had not ruled out terrorism.

Mobile adds $5 LTE global data pass as free roaming spreads
And it's all available to all T-Mobile ONE customers and customers on legacy plans that include Simple Global . And as of last week, Sprint now does the same with its Unlimited Basic and Unlimited Plus offerings .

Early dinner may lower risk of breast, prostate cancer
The study was the first to analyse the association between cancer risk and the timing of meals and sleep. "Wear a seat belt". Though 7 percent of the subjects also had after-supper snacks, the study focused on full meals, Kogevinas said.

Trump invites Putin to USA as Democrats call for Helsinki details
He mentioned London-based financier Bill Browder, a onetime investor in Russian Federation who said he exposed corruption there. It restated the USA intelligence community's assessment that Moscow did extensively interfere, and continues to interfere.

Comey urges voters to support Democrats in fall
I need no better evidence than their new website - which I think is "Lyin Comey, ' maybe? - attacking me. A Republican for most of his adult life, Comey recently said he now considers himself an independent.

Military parade requested by Trump initially estimated to cost $12M, official says
The planned parade is meant to highlight the contributions veterans have made "throughout the history of the U.S. President Donald Trump's upcoming military parade is expected to cost $12 million, a USA official told ABC News.

Charlie Adam Aims A Dig At Liverpool New-Boy Xherdan Shaqiri
Needless to say, Adam's brutally honest comments about Shaqiri have sparked quite a reaction social media... Shaqiri has been heavily criticised for his role in Stoke's relegation.

Trump expects 'big results,' including North Korea, after Putin summit
But he also said that "other people" could have been involved, a statement echoing past remarks casting doubt on Russia's role. Facing anger upon his return stateside Trump sought to walk back his remarks in an extraordinary postscript to the meeting.

Boys should get HPV jab to protect against cancer, health advisers say
Boys were said to benefit from the current scheme through "herd protection", but men who have sex with men and not women do not gain protection.

Trump Offers New Boast of Successful Meeting with Putin
The tweet was part of a stream of messages Trump issued on Wednesday morning as he defended his meeting with the Russian autocrat. Senate Democratic leader Chuck Schumer said Mr Trump was trying to "squirm away" from his comments alongside Mr Putin.

White House Insiders Were Furious Over Trump’s Russia Comments
He read from a statement where he said he supported US intelligence that had found that Russian Federation had interfered. President Trump's relationship with President Putin is under increasing scrutiny, even by those on the right.

Yemeni Unmanned Drone Strikes Aramco Oil Refinery in Saudi Capital
A fire at a Saudi Aramco facility in Riyadh was caused by a Houthi drone attack, the Yemen rebels claimed on Wednesday. The Yemeni army backed by Ansarullah fighters has targeted oil facilities run by the Saudi oil giant, Aramco.

Trump 'disagrees' with Putin offer to interview Americans
Trump has since sought to clean up his comments , saying he "accepts" the US intelligence findings ― though he's also walked back that stance .