Microsoft Revenue Jumps 12% YoY to $28.92 Billion; Azure Revenue Nearly Doubles
Microsoft'due south revenue during the final quarter of 2017 rose 12 per centum to $28.92 billion, beating Wall Street expectations of $28.twoscore billion. Operating income came in at $8.7 billion, net income was at $7.5 billion, and earnings per share climbed to $0.96. The company had reported revenues of $26.1 billion, net income of $6.5 billion, and earnings per share of $0.83 during the respective period in 2016. What really stood out, withal, is the visitor's growing status as a major cloud entity, with Azure revenue jumping 98 percent on a year-on-year basis.
The visitor, however, reported a GAAP internet loss was $vi.3 billion, or 82 cents per share, thanks to a one-time tax write-off on account of the Tax Cuts and Jobs Human activity, which was passed last Dec. The new law cut the overall corporate tax rate and offered lowered tax rates for companies repatriating overseas profits to the United States.
In a statement posted on the company's official blog, Microsoft CEO Satya Nadella expressed optimism that the growth trajectory of the visitor will continue unabated, going forward. According to him,
"This quarter'due south results speak to the differentiated value nosotros are delivering to customers across our productivity solutions and as the hybrid cloud provider of option. Our investments in IoT, data, and AI services across cloud and the edge position us to further accelerate growth".
Cleaved downwards past private sectors, Microsoft's revenues from what it calls the 'Intelligent Deject' business organization, rose 15% YoY, hitting $7.8 billion, with Azure contributing amply to the bottom line. Enterprise Services revenue increased v% driven by Premier Back up Services. The company also reported that revenues from its 'More Personal Computing' unit, which includes Windows, Xbox and Surface, rose 2.36 percent to $12.17 billion. Final, but definitely not the to the lowest degree, revenues from the P roductivity and Business' unit of measurement, which includes the Office 365 service, was up 24.7 per centum to $8.95 billion.
Source: https://beebom.com/microsoft-revenue-jumps-azure-revenue/
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