Microsoft cloud growth continues through strong financials
27 October, 2017, 00:52 | Author: Rolando Keller
Microsoft hit a new milestone in its cloud services business this quarter: it's now able to project over $20 billion in annual revenue.
Microsoft Corporation (NASDAQ:MSFT) FQ1 2018 earnings were released after closing bell tonight, and the company posted earnings of 84 cents per share, a 17% increase from last year, on $24.5 billion in sales, a 12% year-over-year increase. Azure commands an impressive 90 percent revenue increase from this time past year and income from its office products has gone up as well. Productivity revenue, mainly Office software, climbed 28 percent to $8.2 billion.
Microsoft Corp reported a better-than-expected quarterly profit on Thursday as demand for its cloud computing services for companies rose and its personal computer software business stabilized.
"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. Windows commercial products and cloud services up 6% due to annuity revenue growth.
Microsoft's shares had risen almost 27 percent this year through Thursday, eclipsing the 14.4 percent gain in the broader S&P 500 .SPX .
Khloé Kardashian Is Expecting A Baby BOY!!
All of us are together, so it's not like I have to sit each one down and say, 'OK, when you grow up, or when you have a baby'. Kris Jenner takes a tidy 15% for the negotiations while the eldest three sisters, Kourtney , Kim and Khloe will share the 60%.
The software and cloud giant's shares rose about 4 percent in after-hours trading as a result.
"We have been impressed by solid execution and strong customer adoption of Microsoft's cloud applications and platforms", KeyBanc analyst Brent Bracelin wrote.
Microsoft beat analyst expectations, which predicted $23.56 billion in revenues. This quarter, those numbers turned around as Surface revenue grew 12 percent. Windows commercial licensing and cloud services revenue increased by 7 percent.
Microsoft didn't break out specific revenue figures for the devices, but noted that Surface revenue gained 12% 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. In advertising, Microsoft reported a 15 percent revenue increase - excluding traffic acquisition costs - which the report says is driven by higher revenue per search and search volume.
Preventive Services Task Force concluded that evidence is insufficient to recommend e-cigarettes for smoking cessation in adults. NY has banned electronic cigarette use in restaurants, bars and any other places where smoking tobacco products is prohibited.
While there was no evidence to support the claims that marijuana was present, the team still left, at which point Cardi B woke up. According to The Root , the rising rapper was kicked out of her hotel room in Albany, New York on Sunday morning (Oct. 22).
Cate Blanchett is again incredible , able to deliver the menace Hela needs to convey, whilst also just having fun with it. The scene has since been changed to a field in Norway because, in Waititi's own words, "alleyways aren't cool" .
Customers can set the frequency and length of time a person has access, and add or remove contacts as they see fit. You simply choose one of the compatible smart locks available and combine it with Amazon's Cloud Cam .
This will allow users to long press any icon to trigger a menu and jump to a specific task without having to open the application. The OTA update roll-out process is being carried out in phases, so it will take several days to reach all corners of the world.
La David Johnson was among four who died October 4 in Niger when they were attacked by militants tied to the Islamic State. Trump's tweet will do little to shut down a controversy that has swirled around the president since last week.
Prices have fallen for six straight weeks, but are still almost a quarter higher than they were a year ago, according to AAA . Despite the recent downward trend, the state average remains 18 cents higher than pre-Hurricane Harvey levels.
Ultimately, Portnoy said the network's decision only illustrates why it is "falling" and Barstool Sports is "rising". The one-and-done " Barstool Van Talk " didn't exactly light up the Nielsen dials - in its Tuesday 1 a.m.
Aaron Jones did the bulk of the rushing with 17 carries for 131 yards and the only other Green Bay Packers' touchdown in the game. The on third-and-1 from the 12, Ingram ran off left end untouched for the touchdown, and the game was tied at 7.
Hard Drive Missing From Las Vegas Shooter's Laptop
According to TMZ , Paddock was arrested at an assisted living home by a joint Los Angeles Police Department-FBI task force. Meanwhile, the gunman's brother, Bruce Paddock , was reportedly arrested on suspicion of child pornography on Wednesday.
Turns out Kid Rock isn't actually running for Senate
November 3 at LiveNation.com, the Royal Farms Arena box office, Ticketmaster outlets and by phone (800-745-3000). Are you kidding me?' the right-leaning rocker told Stern , according to the Detroit Free Press .
I have not called for demos on Election Day, Raila
They argue that the commission might not hold the poll as directed by the Supreme Court owing to the lack of preparedness. Wednesday has been unexpectedly declared a public holiday, but the Supreme Court says that will not affect its business.
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Curry denies throwing mouthpiece at the referee, he said: "I didn't throw my mouthpiece at the ref, ' Curry told ESPN ". Curry thought he was fouled on the play, took his mouthpiece out and angrily threw it in the direction of the referee.