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Microsoft Experiences Growth in Revenue Due to Gaming And Growing Cloud

"We see continued demand for our cloud offerings, reflected in our commercial cloud revenue of $8.5 billion, up 47 per cent year over year," Hood added

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Hackers bleeding large Indian firms by $10 mn on average each year: Microsoft. (Wikimedia commons)

Riding on its growing Cloud, gaming and Surface laptop portfolio, Microsoft has posted a revenue of $29.1 billion and net income of $8.8 billion for the first quarter of its 2019 financial results.

Revenue was up 19 per cent while net income increased by 34 per cent. Operating income was $10 billion and increased 29 per cent.

“We are off to a great start in fiscal 2019, a result of our innovation and the trust customers are placing in us to power their digital transformation,” said Microsoft CEO Satya Nadella.

“We’re excited to help our customers build the digital capability they need to thrive and grow, with a business model that is fundamentally aligned to their success.”

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A sign for Microsoft is seen on a building in Cambridge. VOA

Revenue in Intelligent Cloud was $8.6 billion and increased 24 per cent.

Server products and Cloud services revenue increased 28 per cent driven by Azure revenue growth of 76 per cent.

Revenue in More Personal Computing was $10.7 billion and increased 15 per cent.

“Windows commercial products and Cloud services revenue increased 12 per cent,” said the company.

Microsoft's building.
The office building of Microsoft. Pixabay

Gaming revenue increased 44 per cent with Xbox software and services revenue growth of 36 per cent while Surface revenue increased 14 per cent.

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“Our record results for Q1 reflect our commitment to long-term strategic investments and consistent execution to drive revenue growth and operating margin expansion,” said Amy Hood, Executive Vice President and Chief Financial Officer of Microsoft.

“We see continued demand for our cloud offerings, reflected in our commercial cloud revenue of $8.5 billion, up 47 per cent year over year,” Hood added. (IANS)

Next Story

Microsoft Preparing to Launch 15-inch Surface Laptop 3

Surface earbuds is also expected to launch, as well as new keyboards with a dedicated Office button taking the place of the right-hand Windows key

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FILE - Microsoft Corp. signage is seen outside the Microsoft Visitor Center in Redmond, Washington, July 3, 2014. VOA

Microsoft may launch a 15-inch Surface Laptop 3 next month alongside a 13.5-inch model, which is the same screen size as the Surface Laptop 2”s.

The company is also expected to launch an AMD-powered Surface Laptop 3 and it is possible that this chip could be found on this rumoured 15-inch model, The Verge reported on Sunday.

As per the report, Microsoft will still offer a screen with a 3:2 aspect ratio, as it did on the 13.5-inch Surface Laptop.

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

In addition, the larger 15-inch model will likely support the Surface Pen as well.

Also Read: Realme 3i: Impressive Look in a Budget Smartphone (Tech Review)

The company is rumoured to launch dual-screen Surface device, codenamed Centaurus. In addition to the Centaurus, Microsoft would bring Surface Laptop 3, Surface Pro 7 and Surface Book 3 in October.

Surface earbuds is also expected to launch, as well as new keyboards with a dedicated Office button taking the place of the right-hand Windows key. (IANS)