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Commercial Cloud Helps Microsoft Log $32.5 bn in Revenue

LinkedIn revenue increased 29 per cent while Dynamics products and Cloud services revenue increased 17 per cent, driven by Dynamics 365 revenue growth of 51 per cent

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A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. VOA

Riding on stupendous growth in its commercial Cloud services, Microsoft logged a revenue of $32.5 billion — up 12 per cent from a year ago — and a net income of $8.4 billion for the quarter ending on December 31.

The commercial Cloud business registered $9 billion in sales for the quarter, for a $36 billion annual run rate.

“Our strong commercial Cloud results reflect our deep and growing partnerships with leading companies in every industry including retail, financial services, and healthcare,” said Microsoft CEO Satya Nadella.

“We are delivering differentiated value across the cloud and edge as we work to earn customer trust every day.”

The revenue from Surface laptops increased 39 per cent. The company released Surface Pro 6 and Surface Laptop 2 during the quarter, along with Surface Studio 2 and Surface Headphones.

Revenue in personal computing was $13 billion and Surface is now almost a $2 billion business for Microsoft.

Microsoft
Microsoft CEO Satya Nadella delivers the keynote address at Build, the company’s annual conference for software developers. VOA

“Our solid execution delivered another strong quarter, with commercial cloud revenue growing 48 per cent year-over-year to $9 billion,” said Amy Hood, Executive Vice President and Chief Financial Officer of Microsoft.

The revenue in productivity and business Processes was $10.1 billion and increased 13 per cent.

“Office Commercial products and cloud services revenue increased 11 per cent, driven by Office 365 Commercial revenue growth of 34 per cent,” said the company.

Also Read- Here’s Why Tim Cook is Not Able to Sell ‘Super Premium’ iPhones in India

Office 365 consumer subscriber base has now hit 33.3 million.

Gaming revenue increased 8 per cent, with Xbox software and services revenue growth of 31 per cent.

LinkedIn revenue increased 29 per cent while Dynamics products and Cloud services revenue increased 17 per cent, driven by Dynamics 365 revenue growth of 51 per cent. (IANS)

Next Story

Microsoft Shifts “Ignite Conference 2020” To a Digital-Only Format

Microsoft has also cancelled its Most Valuable Professional (MVP) Summit in Seattle

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Microsoft
‘Ignite' is Microsoft's conference for IT professionals and developers. Pixabay

Microsoft has announced that ‘Ignite’ which is its final major conference of 2020 in September has been shifted to a digital-only format.

It means that tech giants are not taking any chance and the world will see almost every other planned event being cancelled or postponed for the rest of the year.

“The safety of our community is top priority. In light of global health concerns due to COVID-19, we will deliver our annual Microsoft Ignite conference as a digital experience, in lieu of an in-person event,” the company said in a statement.

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‘Ignite’ is Microsoft’s conference for IT professionals and developers.

“We look forward to bringing together our community to learn innovative ways to build solutions, migrate and manage your infrastructure, and connect with Microsoft experts and other technology professionals from around the globe,” said the company.

Microsoft
Microsoft has announced that ‘Ignite’ which is its final major conference of 2020 in September has been shifted to a digital-only format. Pixabay

With the latest development, Microsoft joins a growing list of tech companies who have been moving their events online.
Microsoft earlier cancelled its flagship developer conference ‘Build 2020’ in-person, scheduled to take place in the US from May 19-21.

ALSO READ: Here Are Some Health Benefits of Going Vegan

Microsoft uses ‘Build’ conference, attended by over 5,000, to showcase new technologies and features for its Office and Windows products.

Microsoft has also cancelled its Most Valuable Professional (MVP) Summit in Seattle. (IANS)