Tuesday March 19, 2019
Home Lead Story Microsoft Exp...

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

0
//
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.

Also Read- New Carbon Capture Technology Now Able To Fight Climate Change: Experts

“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

Photo-Messaging App Snapchat To Launch In-App Gaming Platform

Speculations sparked about the launch of the long-rumoured platform because Snapchat's event invitation includes a tagline "Less Talk. More Play", Cheddar reported on Friday. 

0
snapchat
The in-app gaming space would feature games from third-party developers designed specifically to work on Snapchat. Pixabay

Photo-messaging app Snapchat is planning to announce its in-app gaming platform codenamed “Project Cognac” during its first-ever summit for content and developer partners on April 4 in Los Angeles.

Speculations sparked about the launch of the long-rumoured platform because Snapchat’s event invitation includes a tagline “Less Talk. More Play”, Cheddar reported on Friday.

social media
Games are becoming a new source of revenue for social networking giants. After YouTube, Facebook has also started rolling-out a dedicated gaming tab as part of the app’s main navigation.
Pixabay

The in-app gaming space would feature games from third-party developers designed specifically to work on Snapchat.

To kick start its venture in the gaming space, Snapchat acquired for $8.6 million an Australian gaming studio called Prettygreat — one of whose employees was behind hit mobile games like “Fruit Ninja” and “Jetpack Joyride”.

phone
The in-app gaming space would feature games from third-party developers designed specifically to work on Snapchat. Pixabay

Also Read: Health Alert! Be Cautious While Taking Pills With Inactive Ingredients, Can Lead To Adverse Reactions
In 2018, Snapchat added its own lightweight, Augmented Reality (AR) games in the app. In 2017, Chinese tech giant Tencent acquired roughly 10 per cent of Snapchat’s publicly traded shares.

Games are becoming a new source of revenue for social networking giants. After YouTube, Facebook has also started rolling-out a dedicated gaming tab as part of the app’s main navigation. (IANS)