Tuesday, 21 November, 2017

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

Microsoft CEO Satya Nadella at the Geek Wire Summit Microsoft CEO Satya Nadella at the Geek Wire Summit
Derrick Tucker | 27 October, 2017, 00:50

That said, cloud revenue continues to dominate Microsoft's earnings, raking in nearly $20 billion this past quarter.

Productivity and Business Processes rose 28% to $8.2 billion on the back of a 10% increase in Office commercial products and cloud services, which includes a 42% increase in Office 365 commercial revenues.

Microsoft said commercial cloud annualised revenue run rate reached US$20.4b in the quarter. With no new console on sale, revenue is sure to be hard to come by as the company looks to invigorate its smaller user base into more digital transactions.

The technology giant's net income rose to US$6.58b in the first quarter, from US$5.67b a year earlier.

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

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Microsoft reported a profit of 84 cents per share, up 17 percent from a year ago, beating out analyst predictions of a 72-cent profit, and logged revenue of $24.5 billion, up 12 percent and exceeding analysts' expectations of $23.56 billion. Windows OEM revenue went up by just four percent and commercial Windows and cloud services increased by seven percent. But the big number as always was Azure revenue, which grew 90 percent.

"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. The rest is a 2% (2% in CC) increase in server revenue.

More Personal Computing: This segment, which includes results for Windows licensing and devices (Surface, phones, and Xbox), was flat at $9.4 billion. Surface hardware sales jumped 12 percent largely driven by the new Surface Laptop.

Looking at Microsoft's past year, the company pushed heavily on its cloud business, including Microsoft Azure - which saw a revenue rise of 97 percent year-over-year last quarter.

On the Xbox front, Microsoft says hardware revenue declined significantly - due to lower pricing and fewer sales - but overall revenue still ticked up ever so slightly thanks to increased Xbox Live transactions.

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