Microsoft Corporation (MSFT) Q1 Earnings Beat As Azure Sales Surge 90%

27 October, 2017, 00:51 | Author: Marie Harrington
  • Satya Nadella chief executive officer of Microsoft Corp. smiles during the Microsoft Developers Build Conference in Seattle Washington U.S. on Wednesday

Microsoft predicts that it will bring in 83 cents per share in earnings for its current quarter on an adjusted basis.

The milestone was announced in Microsoft's earnings release this afternoon, where it reported $24.5 billion and a profit of $6.6 billion, up from $20.4 billion and $4.7 billion this same quarter previous year.

Cloud goal: Microsoft topped its goal of passing $20B in commercial cloud ARR this fiscal year.

"Our results reflect accelerating innovation and increased usage and engagement across our businesses as customers continue to choose Microsoft to help them transform", said CEO Satya Nadella in a statement.

Shares rose 2.6% to $80.74 in after-hours trading after results beat expectations. See the full release here. LinkedIn contributed $1.1B. Productivity revenue, mainly Office software, climbed 28 percent to $8.2 billion.

Voda, Micromax launch 4G phone at effective price of Rs 999
Just like BSNL, Vodafone IN has partnered with Micromax India to offer an affordable smartphone with carrier tie-up. Having said that, this offer from Micromax and Vodafone also works similar to the Airtel and Karbonn smartphone .

As in previous quarters, the numbers most of us pundits are going to focus on revolve around Microsoft's cloud efforts.

Microsoft hit a new milestone in its cloud services business this quarter: it's now able to project over $20 billion in annual revenue.

Azure sales rose 90 percent. Azure gross margins were a "key component" of the 8 percentage point improvement in commercial cloud services from the same period past year, Chief Financial Officer Amy Hood said. Although enterprise services revenue increased by 1 percent with growth in Premier Support Services offset by declines in custom support agreements.

Revenue from Microsoft's personal computing division, its largest by revenue, fell 0.2 per cent to US$9.38 billion but handily beat analysts' estimate of US$8.81 billion. Windows OEM revenue went up by just four percent and commercial Windows and cloud services increased by seven percent. Surface hardware sales jumped 12 percent largely driven by the new Surface Laptop. Microsoft said earlier this month that Bank of America will use both Azure and Office 365 as it shifts more of its operations to the cloud.

Microsoft said its commercial cloud annualised revenue run rate reached US$20.4 billion in the quarter.

Recommended:



Popular

How The Kardashians Will Spilt Their $150 million E! Revenue
Kim is already mom to daughter North and son Saint and is expecting a third child via surrogate. Meanwhile, Kris previously admitted she wishes her life was "a little more private" sometimes.

Chelsea 2 Everton 1: Rudiger and Willian send spirited Toffees out
Chelsea booked their place in the last eight of the Carabao Cup after a hard-fought 2-1 win over Everton at Stamford Bridge . Chelsea have set their sights on Napoli boss Mauricio Sarri as the heir to Antonio Conte , according to reports in Italy.

Injustice 2 Coming to PC
An exact release date hasn't bee announced yet, but we'll be sure to bring you that information as soon as it becomes available. Originally developed by Ed Boon and his team at NetherRealm Studios, the PC port is actually being handled by the folks at QLOC.

Myanmar, Bangladesh Agree to Cooperate on Rohingya Refugee Repatriation
Bangladesh has for decades faced influxes of Rohingya fleeing persecution in Buddhist-majority Myanmar, where the Rohingya are seen as illegal migrants.

Rain moving in Monday ahead of cooler temperatures
MONDAY: Showers will be possible through Midday Monday, but by the afternoon and evening we should turn into mostly sunny skies. Clouds will increase tomorrow ahead of a cold front that will bring rain and wind to the region on Tuesday and into Wednesday .

Veteran actress Heather Kerr accuses Harvey Weinstein of forcing himself on her
That may be the way it was". "Harvey, you and others like you are done". "The balance of power has shifted in Hollywood". The alleged victim was an unnamed Italian model-actress who said Weinstein "forcibly raped" her at the Mr.

Cardi B Claims "Racist" Staff Booted Her From Albany Hotel
The incident took place after the " Bodak Yellow " rapper, who is from New York City, performed at Times Union Center in Albany. We're told hotel staff had gone up and asked Cardi's team to leave, and when cops showed, they were packing their bags to exit.

Smriti Irani Hits Back at Rahul Gandhi, Says You Will Lose Gujarat
Why is he not speaking about how the turnover of a company owned by Shahzada's son rose 16,000 times in a year. The BJP has rubbished the allegation, saying Jay Shah's business was perfectly legitimate and legal.

Possible serial killer on loose; Fla. police link 3 separate murders
Naiboa's parents contacted police when their son did not return home from his job of packaging hurricane relief supplies. The three victims were all killed in the #Seminole Heights neighborhood of Tampa , according to # Fox News reports.

PM Modi in Gujarat, inaugurates ferry service and 'dream project'
After inaugurating the ro-ro, Modi will address public in Ghogna and then he will undertake a journey to Dahej on the ferry. We came to power in Gujarat and changed the policies to encourage private investments in the ferry services.