Microsoft up after Q1 beats, achieves $20B Cloud goal

Microsoft CEO Satya Nadella at the Geek Wire Summit

The technology company, based in Redmond, Washington, reported net income of $6.58 billion, or 84 cents per share, up from $5.67 billion, or 72 cents per share, a year earlier.

Here's a look at what Microsoft products drove growth.

More than three years ago, Microsoft promised to reach an annualized revenue of $20 billion in its corporate cloud business by the end of its 2018 fiscal year (ending in June 2018). Productivity revenue, mainly Office software, climbed 28 percent to $8.2 billion.

Revenue from Windows, gaming, and other PC businesses was flat overall this quarter, at $9.4 billion.

Azure's strong performance helped lift the gross margin at Microsoft's cloud business to 57 percent, said Stephanie Rodriguez, director of investor relations for Microsoft.

Facebook Messenger Lets you Send Money to Friends with PayPal
To get it you have to search for PayPal in the search field and type a message and the bot will assist you with your request. A recent article describes the process used: You can access the feature the same way you'd pay with a card.

In Productivity and Business Processes, the 28% revenue increase (28% in constant currency) was driven by LinkedIn and Office 365.

Adjusted earnings: $0.84 versus $0.72 expected. This includes the Azure cloud, subscriptions of Office 365, as well as Dynamic 365 apps for customer relationship management and enterprise resource planning. In 2015, Nadella set a target of $20 billion in cloud revenue by 2018. Windows OEM was up 4%, which is expected in the current PC market. Windows commercial licensing and cloud services revenue increased by 7 percent.

Microsoft launched a bevy of new Surface computers earlier this year, including a refreshed Surface Pro tablet-laptop hybrid and a lightweight laptop to compete with Apple's MacBook Air. Xbox software and services jumped up 21 percent overall to make up for losses in hardware sales. Xbox Live monthly active users saw a 13% growth, to 53 million.

Revenue from Azure, Microsoft's cloud computing service, grew 90 percent during the fiscal first quarter. The rest is a 2% (2% in CC) increase in server revenue. 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.

Shares of the world's largest software company rose 3.1 percent to $81.20 in trading after the bell.

Related News:



Most liked

Fan favorite villain returning for Daredevil Season 3
Sure, he's iconic enough to live on guest appearances alone, as was the case when he appeared in Episodes 8, 9 and 10 of Season 2. The Punisher is the next Marvel-Netflix series to hit the small screen, premiering on Netflix on November 17, 2017 .

Pats' Hightower (pectoral) out for season
This is a devastating blow for the Patriots, who have already lost one of their top offensive players, Julian Edelman, to a season-ending injury.

Health officials bracing for very busy flu season
The flu vaccine is now available at doctor's offices and walk-in clinics throughout the city and county. Flu vaccines protect against the three aforementioned viruses which commonly cause disease each year.

Eli Lilly and Company (NYSE:LLY) Declares $0.52 Quarterly Dividend
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. More interesting news about Eli Lilly and Co (NYSE:LLY) were released by: Streetinsider.com and their article: "Eli Lilly & Co".

Kris Jenner Has Apparently Confirmed Khloe Kardashian's Pregnancy
During her recent interview, Jenner added that she had always taught her kids the importance of family . This means that Kris, Kim , Kourtney , Kylie , Kendall , and Khloe will earn $30 million per season.

Second trailer for Netflix's Bright shows how to make a shootout awkward
After premiering the first trailer in July at San Diego Comic Con, Netflix released a second trailer this morning for Bright . Bright hits Netflix on December 22, just in time for an awkward holiday viewing with your family.

NY State Bans E-Cigarette Use Where Tobacco Smoking Is Prohibited
According to reports from the Centers for Disease Control and Prevention (CDC), the industry is now worth roughly $2.5-billion . The release notes that the inhalation of these unknown chemicals could result in serious long-term health complications.

Apple Pay now available in the UAE
When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Since 2015, boon has successfully launched in stages as an Android app, and has also become available for iOS users.

Oil Prices Up On Output Cuts
Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. At 6:49 EDT, WTI was at US$52.26 a barrel.

Towie's Gemma Collins considers suing after on-stage tumble
Now Gemma Collins , 34, has become an viral sensation all over again, this time for falling down a trap door live on stage. Gemma has since taken to Twitter to describe the embarassing incident as "the best and worst moment" of her life.

Gas prices poised to drop more this week
The price for a gallon of regular declined about 5 cents in the area, from $2.409 per gallon last week to $2.361 on Monday. The national average has fallen 1.6 cents per gallon in the last week to $2.45 a gallon, according to GasBuddy .

Google Pixel 2 shipment dates slipping to November for some buyers
Google, which is "investigating" the report , hasn't yet confirmed if the issue is indeed burn-in or something less serious. Google Pixel 2 XL has a lot of problem with respect to the POLED QHD+ display, like Bluish tint and overall Burn-in issues.

Smriti Irani, Rahul Gandhi engage in a tweet war
She added that the story was "factually wrong" and that it was an attempt to "please the I&B ministry and the Bots Janata Party". The BJP has rubbished the allegation, saying Jay Shah's business was perfectly legitimate and legal.

Four huge Xbox 360 games are getting substantial Xbox One X improvements
System Link multiplayer still works, though, for those of you who want to relive the days of old LAN parties. All titles will run at 1080p, with a frame rate per second higher than the original and reduced load times.

Tried to warn about James Toback for 20 years: James Gunn
Criminal investigations are underway in London, New York and Los Angeles on the ex-tycoon in the film. The indie rock band Veruca Salt used the hashtag to call out Toback on October 16.