Microsoft's cloud trip has been expensive but is proving to be worth the price. The company reported $30.085 billion in revenue, a 17% increase over the same quarter's $25.605 billion from a year ago.
The business technology giant reported earnings per share of $1.13, which beat analyst expectations of $1.08.
"Our early investments in the intelligent cloud and intelligent edge are paying off, and we will continue to expand our reach in large and growing markets with differentiated innovation", Nadella said on a conference call on Thursday. But the star, as always, was Azure, which grew revenues 89 percent.
Jeff Bezos rocket company tests spacecraft
PT. "We'll be doing a high altitude escape motor test - pushing the rocket to its limits", noted Blue Origin ahead of the test. It's coming, but we've got our eye on the prize, and we've got to make sure we understand our system through and through.
Despite continuing to invest in promising trends from cloud computing and artificial intelligence to gaming, Microsoft expected its profit margins to improve. That was up 23% year over year-a record since the company began breaking out results for the segment three years ago. LinkedIn revenue was up 47 percent.
Xbox Live active users is 57 million, down two million from the previous quarter but up from 53 million a year ago.
It's that time of the year again, when Microsoft is releasing its earnings report for the fourth quarter of its 2018 fiscal year, or the second quarter of the calendar year. Microsoft spent $14.73 billion on research and development in fiscal 2018.
Analyst Patrick Moorhead at Moor Insights & Strategy said Microsoft's results showed healthy growth. Microsoft is subtracting the traffic acquisition from its overall search costs to get to its 17% revenue growth, meaning that if the if were to include the amount of money the company spent to be Yahoo search funnel, its overall growth might have seemed muted.
Google facing record $5 billion fine over controversial Android practices
Google's practices have denied rival search engines the possibility to compete on the merits . After all, Google previous year made $5 billion every 16 days so it can do it again.
What is Microsoft 365? Azure is gaining traction and is now sitting at 16% overall cloud market share versus Amazon Web Services which has around 32% based on recent market data.
The odd paradox resulted in Microsoft claiming a 3% decline in the quarter, which is below the consumer PC market average.
Despite Microsoft's reluctance to mention Windows by name as it used to, the company's tried and true work horse continues to buoy the business in some regards.
The Surface family of products contributed $1.19 billion to Microsoft coffers and was ever so slightly up from the previous quarter, but up 23% for the year.
Unai Emery gets hands-on with his Arsenal stars in training
The Telegraph has claimed that a whole host of Arsenal first-team players face uncertain futures in the coming weeks. And I want him to relax good, and I want when he comes back with us, to start good with a good mentality.