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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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Microsoft
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.”

Microsoft
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 Interns Make English Learning App

In addition, the app comes with three games that would help the users practice saved words

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

Eight interns from Microsoft’s Garage Intern Team have developed an Android app – Read My World – for people willing to learn the English language.

The app requires and allows users to take a photo to identify an object from a library of over 1,500 vocabulary words, the company wrote in a blog-post on Thursday.

Using syllabification and text-to-speech features, the user can hear and see the spelling of the object as a vocabulary word, then add it to a personal dictionary for practice later.

Microsoft
Logo of Microsoft outside it’s office. Pixabay

The app would let users see the spelling and hear the phonetic pronunciation of identified vocab words.

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Read My World would also give users the option to save photos with corresponding identified word to a personal dictionary for later reference.

In addition, the app comes with three games that would help the users practice saved words. (IANS)