Microsoft soars past US$800 billion in value after bumper results

21 July, 2018, 11:41 | Author: Lora Ball
  • Microsoft Azure Microsoft Azure Microsoft Wall Street Microsoft Wall Street estimates Salesforce Amazon Web Services Cloud Computing

Let's dive in and examine how each performed.

Lastly, Microsoft's Bing efforts are still putt-putting along with the search platform tracking a 17% revenue growth with a few asterisk tossed into the mix. Microsoft's bork-prone Azure service grew a whopping 89 per cent year over year.

The US tech giant reported its net income increased 10 percent to $8.8 billion (roughly Rs. 50,500 crores) on revenue that was up 17 percent to $30.1 billion (roughly Rs. 2.07lakh crores) when compared with the same period past year. The strength of our results reflects accelerating innovation and the trust customers are placing in us to power their digital transformation.

On the consumer side, Office revenue growth has slowed down.

Microsoft has announced technology partnerships with other major firms in recent months including General Electric, Starbucks, Bayer, Spain's Telefonica and sports organisations such as the National Basketball Association and PGA.

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Microsoft "has executed on its plan to become a meaningful cloud vendor, though it's still early in the development of that market - and model", writes DiFucci in a note. The company cited record levels of job postings and LinkedIn sessions, 41% gain over a year prior.

Microsoft Office also had a good year with Office 365 commercial revenue growing by 38%. More Personal Computing is made up of the company's Windows, gaming and device offerings.

The MPC group grew 17% to $10.81 billion, making them still the largest division of the Redmond, WA-based giant. for the time being. The devil is in the detail with this growth number as Microsoft states it occurred across Xbox One Windows 10 and mobile platforms signaling that perhaps more Windows 10 owners were signing up for Xbox Live than were people who owned Xbox One consoles. Windows OEM Pro revenue grew by 14% (14% CC), and non-Pro declined 3% (3% CC).

"With GitHub we recognise the increasingly vital role the developers play in value creation and growth in the area of the intelligent cloud and intelligent edge", Nadella said. Without that, the company would have been looking at a net income of $30.3 billion, up 18 percent on 2017.

Shares of one of the technology world's oldest and best-known names rose almost 4 percent to $108.20 in early trade, adding more than $30 billion (22.89 billion pounds) to a market capitalisation that was already $802 billion at Thursday's close.

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