Microsoft's Services Revenue Lifts Quarterly Results

27 October, 2017, 01:07 | Author: Darren Santiago
  • Investor Eyes On Microsoft Corp. Stock Today as More Good Cloud News Seen

That said, cloud revenue continues to dominate Microsoft's earnings, raking in nearly $20 billion this past quarter. Windows OEM revenue went up by just four percent and commercial Windows and cloud services increased by seven percent.

Revenues rose 11.7% from a year ago to $24.5 billion, also topping analysts' view for $23.57 billion.

Over the last few quarters, Microsoft's Surface line reported declining revenue numbers as the company prepared to launch new products.

"Our results reflect accelerating innovation and increased usage and engagement across our businesses as customers continue to choose Microsoft to help them transform", said CEO Satya Nadella in a statement.

Microsoft today announced its quarterly earnings for its first financial quarter of 2018 (yes, I know it's early, but that's how Microsoft's financial quarters work).

Investors will likely be pleased by the progress Microsoft showed in its all-important cloud computing business.

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. This report is for the first quarter of its 2018 fiscal year, or the third quarter of the 2017 calendar year. Office consumer products and cloud revenues rose 12%, while Dynamics products and cloud revenues rose 13%, including a 69% increase in Dynamics 365 revenue. 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. LinkedIn revenue came in at $1.1 billion. In advertising, Microsoft reported a 15 percent revenue increase - excluding traffic acquisition costs - which the report says is driven by higher revenue per search and search volume. This recent period was the first full quarter in which stores were stocked with an update to that product - Microsoft's best-selling Surface - and a totally new category, a laptop computer with a clamshell design.

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