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Appeared on: Thursday, October 26, 2017
Microsoft Cloud Continues to Grow, Powers First Quarter Results

Microsoft's push into the cloud proves successful for the company, with demand for online versions of Office productivity software and the Azure web-services business to bolster sales and earnings.

Microsoft's revenue was $24.5 billion and increased 12% in the period that ended Sept. 30. Sales rose 12 percent to $24.5 billion amid buoyant demand for Azure cloud services. Net income in the recent period was 84 cents a share, Microsoft said Thursday.

"This quarter we exceeded $20 billion in commercial cloud ARR, outpacing the goal we set just over two years ago," said Satya Nadella, chief executive officer at Microsoft. "Our results reflect accelerating innovation and increased usage and engagement across our businesses as customers continue to choose Microsoft to help them transform."

"Our strong start to the fiscal year reflects the impact of our continued investment in product innovation and sales capacity to capture expanding market opportunities," said Amy Hood, executive vice president and chief financial officer at Microsoft.

Revenue in Productivity and Business Processes was $8.2 billion and increased 28% , with the following business highlights:

Revenue in Intelligent Cloud was $6.9 billion and increased 14%, with the following business highlights:

Revenue in More Personal Computing was $9.4 billion and relatively unchanged, with the following business highlights:

Nadella has turned Microsoft into a cloud-computing powerhouse. Although Microsoft's Azure service still lags behind market leader Amazon by a wide margin, but Microsoft is attracting more big customers, even as Amazon Web Services also notches strong growth.



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