The company, however, has long said that it wanted Azure to reach an annual run rate of $20 billion by the end of its 2018 fiscal year. Microsoft's Office division brought in a nice 10% YoY growth stat while the company's Dynamic Products and Cloud Services sector saw their own 13% increase for the quarter. Surface revenues fell 2% due to product cycle transitions, and while gaming revenue fell 14% to ~$1.7 billion, Microsoft noted that its "gaming business is now more than $9 billion".
The company reported a total of $24.538 billion in revenue, which is a 12% (11% in constant currency) increase from past year, which was $21.928B. Microsoft reported adjusted per-share earnings of 84 cents. His efforts have helped win over customers like Bank of America Corp. for Azure, No. 2 behind Amazon.com Inc.in the biggest part of the cloud market, and internet-based Office 365 workplace tools.
Microsoft ended the quarter with 28 million Office 365 consumer subscribers, up from 27 million from the previous quarter. In the just-completed quarter, that business met and exceeded the company's goal of $20 billion in annualized revenue.
As for Windows, revenue from companies putting Pro versions of the operating system on devices was up by 4 percent.
Despite the growth in those areas, the continued winding down of Microsoft's smartphone business continued to take its toll, with "immaterial" phone revenue contributing 3% points of decline to the More Personal Computing unit's numbers. Windows OEM revenue was also up 4 percent and search advertising revenue increases 15 percent. Azure by itself came within spitting distance of doubling its revenue, growing 90% from the year-ago period.Читайте также: Netflix releases new Bright Trailer
Surface revenue increased by 12 percent driven by sales of the new Surface Laptop.
Surface revenue finally saw some growth, as it had been declining for a while due to the lack of new hardware.
Analysts from KeyBlanc Capital Markets wrote in a research note this week that consumer adoption of the cloud market would be a primary driving factor for Microsoft earnings.
The technology giant's net income rose to US$6.58b in the first quarter, from US$5.67b a year earlier.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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