tiptrot.com October 17, 2017

Microsoft meets expectations with $23.6B in revenue, Azure revenue up 93%

28 April 2017, 01:08 | Gerardo Harmon

Home Apps Apps Shouting “Hey Cortana” will now wake the Surface Studio By Ayesha Ahmad

Home  Apps Apps Shouting “Hey Cortana” will now wake the Surface Studio By Ayesha Ahmad

Overall, Microsoft posted $4.8 billion in third-quarter net income, or 61 cents a share, compared with a profit of $3.76 billion, or 47 cents a share, a year ago.

Microsoft has just reported its earnings for Q3 2017 (fiscal year).

Microsoft reported earnings of 73 cents per share on $23.56 billion in revenue.

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".

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