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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.

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)

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44 Million Users Using Leaked Passwords: Microsoft

"Our numbers show that 99.9 per cent of identity attacks have been thwarted by turning on MFA," said Microsoft

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FILE - Microsoft Corp. signage is shown outside the Microsoft Visitor Center in Redmond, Wash.
FILE - Microsoft Corp. signage is shown outside the Microsoft Visitor Center in Redmond, Wash. VOA

Microsoft has discovered that over 44 million users of its Azure and Microsoft Services Accounts (MSA) are using leaked credentials to log into their accounts.

The Microsoft identity threat research team regularly checks billions of credentials obtained from different breaches to look for compromised credentials in the Microsoft systems.

In 2019, the threat research team checked over three billion credentials and found a match for over 44 million Azure AD and Microsoft Services Accounts.

“For the leaked credentials for which we found a match, we force a password reset. No additional action is required on the consumer side,” the company said in a statement.

microsoft, xbox
FILE – A sign for Microsoft is seen on a building in Cambridge, Massachusetts, March 18, 2017. VOA

On the enterprise side, Microsoft will elevate the user risk and alert the administrator so that a credential reset can be enforced.

“Given the frequency of passwords being reused by multiple individuals, it is critical to back your password with some form of strong credential,” suggested the tech giant.

Also Read: This NASA-ISRO Mission Set to Crunch Key Space Data in Cloud

Multi-Factor Authentication (MFA) is an important security mechanism that can dramatically improve your security posture.

“Our numbers show that 99.9 per cent of identity attacks have been thwarted by turning on MFA,” said Microsoft. (IANS)