As for Azure and Microsoft's other cloud businesses, the revenue was $6.8 billion, up by 11% YoY. Hershey is adding Azure to a cloud computing strategy that also includes Amazon Web Services, using Microsoft's machine-learning technology to analyze data captured by sensors.
Shares fell 1.6% to $67.20 in after-hours trading as adjusted per-share earnings beat expectations and revenue fell short of expectations.
Even as the Windows operating-system franchise continues to generate big profits, the cloud gains are crucial as Microsoft battles Amazon.com Inc. and Alphabet Inc.'s Google for a piece of the so-called cloud-infrastructure market that is expected to reach $71.55 billion in 2020, up from $25.29 billion past year, according to market-research firm Gartner Inc. Diluted earnings per share stood at $0.73 non-GAAP ($0.61 GAAP). The Street had expected the segment to bring in $6.60 billion in revenue, according to a StreetAccount consensus estimate. Microsoft said the product saw sales growth of 93 percent. Microsoft has not significantly refreshed its Surface Pro or Surface Book line, and Surface revenue has dipped 26 percent as a result to $831 million.
Under Chief Executive Satya Nadella, who took the helm in 2014, 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. Commercial cloud run rate is calculated by taking revenue from the last month of the quarter for Office 365 commercial, Azure, Dynamics 365, and other cloud properties and multiplying it by 12.
Microsoft announced that LinkedIn sales hit $975 million in the first full quarter since the acquisition. Xbox software and services revenue rose by 7% (8% CC), "driven by continued adoption of digital distribution and a strong game lineup".
Twitter Inc Posts Decisive Earnings Beat, Shares Skyrocket
We believe, however, that executing on our plan and growing audience should result in positive revenue growth over the long term. Shares of Twitter Inc soared in premarket trade today after the microblogging service reported better-than-expected user growth.
North Korea marks military anniversary with firing drill
In a phone conversation with Trump on Monday, Chinese President Xi Jinping called for all sides to exercise restraint. South Korea's Defense Ministry has said the North appears ready to conduct such "strategic provocations" at any time.
One of the nation's oldest trees gets axed
Arborists determined the tree would not withstand upcoming harsh winters or spring storms, according to a NBC New York report . Decades later, General George Washington sat on the lawn to eat with his friend and revolutionary, the Marquis de Lafayette.
'Fast and the Furious' on road to record global debut
The Fate of the Furious was released in 60 markets and generated an estimated $17 million in the United Kingdom and Ireland. Fast & Furious 8 also known as The Fate of the Furious has grossed $532.5m (N162,792,000,000) at the global box office.
Prominent firm to defend 'Bachelor' star in Iowa crash case
Regardless, we're sure the victim ( Kenneth Mosher)'s family would like some answers about what exactly caused this fatal crash. At first, Soules kept his Facebook and Twitter pages active, but ultimately deleted them as well on Wednesday.
Judge's anti-death penalty protest riles conservatives
The state originally planned to execute eight inmates, but two had previously been blocked by state and federal courts. But prison officials and state attorneys say waiting now would put the state's death penalty on hold indefinitely.