Breaking News

PlayStation Plus Monthly Games for October: The Callisto Protocol, Farming Simulator 22, Weird West New Acer Nitro V 15 Laptop Makes Gaming More Accessible Xiaomi and Leica Camera AG present the Xiaomi 13T Series with Leica Optics KIOXIA introduces next generation e-MMC ver. 5.1-compliant embedded flash memory products Nikon releases the NIKKOR Z 135mm f/1.8 S Plena

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Microsoft Cloud Strength Highlights Third Quarter Results

Microsoft Cloud Strength Highlights Third Quarter Results

Enterprise & IT Apr 27,2017 0

Microsoft reported a 27.8 percent increase in quarterly profit on Thursday, lifted by robust demand for its cloud computing services.

The company's net income rose to $4.80 billion in the third quarter ended March 31, from $3.76 billion a year earlier. Revenue on an adjusted basis climbed 6 percent to $23.56 billion.

"Our results this quarter reflect the trust customers are placing in the Microsoft Cloud," said Satya Nadella, chief executive officer at Microsoft. "From large multi-nationals to small and medium businesses to non-profits all over the world, organizations are using Microsoft's cloud platforms to power their digital transformation."

Under Nadella, Microsoft has sharpened its focus on the fast-growing cloud computing unit to counter a prolonged slowdown in the PC market, which has weighed on demand for its Windows software.

"Strong execution and demand for our cloud-based services drove our commercial cloud annualized revenue run rate to more than $15.2 billion," said Amy Hood, executive vice president and chief financial officer at Microsoft.

Revenue in Productivity and Business Processes was $8.0 billion and increased 22% (up 23% in constant currency), with the following business highlights:

  • Office commercial products and cloud services revenue increased 7% (up 8% in constant currency) driven by Office 365 commercial revenue growth of 45% (up 45% in constant currency)
  • Office consumer products and cloud services revenue increased 15% (up 14% in constant currency) and Office 365 consumer subscribers increased to 26.2 million
  • Dynamics products and cloud services revenue increased 10% (up 11% in constant currency) driven by Dynamics 365 revenue growth of 81% (up 82% in constant currency)
  • LinkedIn contributed revenue of $975 million

Revenue in Intelligent Cloud was $6.8 billion and increased 11% (up 12% in constant currency), with the following business highlights:

  • Server products and cloud services revenue increased 15% (up 16% in constant currency) driven by Azure revenue growth of 93% (up 94% in constant currency)
  • Enterprise Services revenue decreased 1% (unchanged in constant currency) with declines in custom support agreements offset by growth in Premier Support Services and consulting

Revenue in More Personal Computing was $8.8 billion and decreased 7% (down 7% in constant currency) driven primarily by lower phone revenue, with the following business highlights:

  • Windows OEM revenue increased 5% (up 5% in constant currency)
  • Windows commercial products and cloud services revenue increased 6% (up 6% in constant currency)
  • Surface revenue decreased 26% (down 25% in constant currency)
  • Search advertising revenue excluding traffic acquisition costs increased 8% (up 9% in constant currency)
  • Gaming revenue increased 4% (up 6% in constant currency)

Tags: Microsoft
Previous Post
KINGMAX Targets Gamers With ZEUS DDR4 Modules
Next Post
Alphabet Posts 1Q Profit

Related Posts

  • NVIDIA Studio Lineup Adds RTX-Powered Microsoft Surface Laptop Studio 2

  • Samsung and Microsoft Unveil First On-Device Attestation Solution for Enterprise

  • Introducing Xbox Game Pass Core, Coming This September

  • Announcing the next wave of AI innovation with Microsoft Bing and Edge

  • Microsoft Announces Security Copilot AI

  • Microsoft breaks new ground in healthcare with the next evolution of AI

  • ChatGPT is now available in Azure OpenAI Service

  • Introducing a big update to Windows 11 making the everyday easier including bringing the new AI-powered Bing to the taskbar

Latest News

PlayStation Plus Monthly Games for October: The Callisto Protocol, Farming Simulator 22, Weird West
Gaming

PlayStation Plus Monthly Games for October: The Callisto Protocol, Farming Simulator 22, Weird West

New Acer Nitro V 15 Laptop Makes Gaming More Accessible
Enterprise & IT

New Acer Nitro V 15 Laptop Makes Gaming More Accessible

Xiaomi and Leica Camera AG present the Xiaomi 13T Series with Leica Optics
Cameras

Xiaomi and Leica Camera AG present the Xiaomi 13T Series with Leica Optics

KIOXIA introduces next generation e-MMC ver. 5.1-compliant embedded flash memory products
Cameras

KIOXIA introduces next generation e-MMC ver. 5.1-compliant embedded flash memory products

Nikon releases the NIKKOR Z 135mm f/1.8 S Plena
Cameras

Nikon releases the NIKKOR Z 135mm f/1.8 S Plena

Popular Reviews

Pioneer BDR-S13U-X Blu-Ray Recorder

Pioneer BDR-S13U-X Blu-Ray Recorder

Pioneer BDR-X13U-S

Pioneer BDR-X13U-S

Pioneer BDR-XD08UMB-S External Blu-Ray Recorder

Pioneer BDR-XD08UMB-S External Blu-Ray Recorder

Arctic Liquid Freezer II 360 Α-RGB

Arctic Liquid Freezer II 360 Α-RGB

Surefire KINGPIN M2 Keyboard

Surefire KINGPIN M2 Keyboard

Verbatim External 4K Slimline Blu-Ray Recorder

Verbatim External 4K Slimline Blu-Ray Recorder

Samsung 970 EVO Plus 2TB NVME SSD

Samsung 970 EVO Plus 2TB NVME SSD

Crucial X8 4TB PortableSSD

Crucial X8 4TB PortableSSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed