It had $30.6 billion in revenue, up 14 percent over a year ago, and profit rose 19 percent, to $8.8 billion. Both the enterprise and personal versions of Microsoft’s signature software suite had good news to share. Revenue grew 35% from the year before, down from a growth rate of 46% at the same time last year, as declining growth rates for cloud-computing services such as Microsoft Corp.’s MSFT, … While Surface revenue only grew 1 percent in the same quarter last year, it has jumped by a massive 39 percent this year to $1.86 billion. Update, January 30th 6PM ET: Article updated with comments from Microsoft’s investor call. As always, Microsoft’s future growth looks increasingly dependent on its cloud success. newsletter, Office, LinkedIn, and Dynamics = $10.2 billion in revenue, Azure cloud, server products, and enterprise services = $9.7 billion in revenue, Windows, Xbox, and Surface = $10.7 billion in revenue. WIRED Media Group “Nobody is sitting around high-fiving when the stock hits some new high.”. You may opt-out by, Principal Analyst and Technology Futurist at Atherton Research, ago, he quickly hit refresh, pivoting the company's vision and efforts towards a mobile-first and cloud-first strategy. Microsoft joins Apple and Amazon in hitting the $1 trillion valuation ahead of rival Google. It’s hard to believe that Microsoft—which used to be an also-ran company in cloud computing until just a few years ago—has today the largest commercial cloud business in the world, surpassing $38 billion in revenue for its last fiscal year (2019) that ended June 30. The long-term growth in profit will need to come from selling more services and products to customers — essentially Microsoft gaining a bigger share of how much companies and agencies spend on technology over all. Net income was $39.2 billion on earnings of $5.06 per share, up 137% and 138%, respectively. Surface sales grew 15% to $1.35 billion. The software giant passed the milestone briefly today after a jump in … Microsoft posted the second quarter of its 2019 financial results today, reporting revenue of $32.5 billion and net income of $8.4 billion. Ad Choices, Microsoft is first major cloud provider to open African data centers. More Personal Computing, which also includes the teams for Windows and search advertising revenue, reported revenue of $11.3 billion, just a 4% increase. Just as impressive is the commercial cloud revenue increase of 48 percent year-over-year to $9 billion. Cloud gaming could become a key battleground for Microsoft and other tech companies, and the software maker is already a step ahead of some rivals thanks to its cloud dominance. A passionate of all things tech, Jeb earned a BSc (Hns) in Computing for Real-Time Systems from Bristol Polytechnic (UK) and built his first computer at the age of 7. LinkedIn revenue grew 27 percent, as recruiters and job seekers use the service more, and the Surface line of tablets and computers grew 21 percent, with a balance between consumer and corporate demand, Ms. It is about the rest of the world doing innovation with technology,” Mr. Nadella said in a call with analysts on Wednesday. IMPORTANT NOTICE TO USERS (summary only, click here for full text of notice); All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. Microsoft’s stock has been pushed up thanks to its cloud growth. (Photo by Altaf Qadri), —Amazon, Microsoft, Alibaba, Google, and IBM—. Prior to joining Atherton Research, Jeb was an award-winning journalist covering for 25+ years the Business of Technology (B2B and B2C) since the early 1990s at IDG Communications, Vivendi Universal Publishing, LVMH, Roularta Media and most recently FORBES. It’s clear that entry-level pricing and devices are threatening Windows licensing revenue as consumers have many different choices for devices. Office 365 Commercial posted 31% revenue growth, and Office 365 Consumer reported having 34.8 million subscribers. A 64% spike in revenue from Azure helped secure that leap, with overall revenue from server products and cloud services up 22%. The entire “intelligent cloud” division has now increased by 24 percent, marking $8.6 billion of Microsoft’s overall $29.1 billion revenue this quarter. GitHub, which Microsoft purchased last year, is also included under this server products umbrella, but the company has not shared any financials yet related to that deal. Microsoft has become the third US company to pass a market cap of $1 trillion.
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