Tuesday January 22, 2019
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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 Lays AI Sensors for Smart Farming, Cutting-edge Healthcare in India

"The role of AI will only get bigger for both agriculture and healthcare sectors in India. The seeds are now sown," Maheshwari added

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Microsoft
Logo of Microsoft outside it's office. Pixabay

China, the world’s biggest agricultural producer, is leading the race when it comes to empowering farmers with Artificial Intelligence (AI)-driven technologies.

The aim is clear: To help the community digitally record information to cut costs and increase yields — with just a smartphone in their hands as AI leveraged Cloud computing to make sense of the data for farmers.

India has now embarked on a journey to bring AI sensors into the fields.

For Anant Maheshwari, the company’s India President, Microsoft has begun empowering small-holder farmers in India to increase their income through higher crop yield and greater price control.

“We are working with farmers, state governments, the Ministry of Electronics and Information Technology (MeitY) and the Ministry of Agriculture and Farmers Welfare to create an ecosystem for AI into farming,” Maheshwari told IANS.

In some villages in Telangana, Maharashtra and Madhya Pradesh, farmers are receiving automated voice calls that tell them whether their cotton crops are at risk of a pest attack, based on weather conditions and crop stage.

“There are companies that serve equipments and capabilities for farmers. We are working with most of the stakeholders, like generic crop protection and seeds company United Phosphorus Ltd and engineering conglomerate Escorts, to create better AI-based models for farming in the country,” informed Maheshwari.

With United Phosphorus, Microsoft is working on providing front-end capabilities for farmers.

Escorts is working with Microsoft for its Cloud and AI technology enabling precision agriculture capabilities to help farmers make informed decisions and get more from their farms.

In collaboration with the International Crop Research Institute for the Semi-Arid Tropics (ICRISAT), Microsoft has developed an AI-Sowing App powered by Cortana Intelligence Suite including Machine Learning and Power BI.

The app sends sowing advisories to participating farmers on the optimal date to sow. The farmers don’t need to install any sensors in their fields or incur any capital expenditure. All they need is a feature phone capable of receiving text messages.

Representational image.
Representational image. Wikimedia Commons

After laying the initial infrastructure for smart agriculture, Microsoft has also taken further steps towards cutting-edge health care with the help from AI-based “Intelligent Cloud” and “Intelligent Edge”.

Nearly three million heart attacks happen in India every year and 30 million Indians suffer from coronary diseases.

In a novel effort to predict the risk of cardiovascular disease (CVD) among the Indian population, Microsoft India and Apollo Hospitals have launched the first-ever AI-powered heart disease risk score API (application programme interface).

It provides the capability of applying ML and AI to cardio-vascular health records to develop an Indian-specific heart risk score.

With the new heart risk score for India, Apollo Hospitals’ AI model helps gauge a patient’s risk for heart disease and provides rich insights to doctors on treatment plans and early diagnosis.

“This shows how AI-driven models can make a big difference and help the doctors in a country where health care needs.

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The company has also applied AI to devices for early detection of diabetic retinopathy to prevent blindness.Microsoft India also announced a partnership with SRL Diagnostics to expand the “AI Network for Healthcare” to pathology to detect cancer.

Dr Devi Prasad Shetty, Chairman and Executive Director of Narayana Health, has performed over 15,000 heart operations. His hospital chain does one-sixth of heart surgeries in India.

“His hospital chain is working on Kaizala app, Power BI and Azure to run the operation smoothly.

“Dr Shetty aims to put all electronic health records on Kaizala for real-time data analysis. This gives a doctor full information about a patient and his past,” said Maheshwari.

In October, NITI Aayog entered into a partnership with Microsoft to deploy AI technologies in areas such as agriculture, healthcare, natural language computing and sustainable environment.

“The role of AI will only get bigger for both agriculture and healthcare sectors in India. The seeds are now sown,” Maheshwari added. (IANS)