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Microsoft Tops March-Quarter Views On Cloud Computing Strength

Microsoft Tops March-Quarter Views On Cloud Computing Strength

Microsoft reported third quarter earnings of $0.95 a share on revenues of $26.82 billion, beating Wall Street's estimates by $0.10 a share and $1.05 billion, respectively.

The company provided no guidance but said it would do so on the conference call.

Commercial cloud, a group that includes Office 365, Azure, and Dynamics 365 made $6bn in revenues, up 58 per cent from $3.8bn in the year-ago quarter. Its net profit was roughly $7.4 billion, up from almost $5.5 billion during the year-ago quarter.

Microsoft's next earnings report will be on July 19, and it will also have an end-of-year report. Microsoft, as much as anything else, is a cloud computing company now and a service provider in its own right.

"Microsoft on the heels of Azure is gaining further steam in this massive secular cloud shift, and the results speak to that", said Daniel Ives at research firm GBH Insights.

Person of Interest Sought in Dallas Police Shootings
Armando Juarez was arrested - he is facing multiple counts of aggravated assault on a police officer". The Dallas Police confirmed earlier in the evening that the two officer were in critical condition.

Revenue in Intelligent Cloud was $7.9 billion and increased 17 per cent.

LinkedIn revenues of $1.33bn were up 37 per cent from $976m a year ago.

"We think folding Windows into the new Experiences and Devices division, which is led by a former Office executive, sends a strong signal of the supporting, and not leading, role Windows will likely take in coming years, and we like the continued emphasis on hybrid cloud and [artificial intelligence]", Stifel analysts Brad Reback wrote recently.

Microsoft now has over 135 million active Office 365 business users, with 30.6 million Office 365 consumer users.

In terms of the More Personal Computing category, which encompasses Windows OEM revenue, Surface, gaming and more, things were on the up as well. Server products and cloud services revenue went up 20 percent, itself driven by Azure, where revenues surged 93 percent. Revenues went up 21 percent for Windows commercial products and cloud services, 18 percent at Gaming, and 32 percent at Surface.


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