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Microsoft Profits Rises by 14 Percent Making its Value Close in Trillion Dollar Mark

Profits in the quarter to March 31 rose 19 percent to $8.8 billion on revenues of $30.8 billion, an increase of 14 percent from the same period a year earlier

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

Microsoft said profits climbed in the past quarter on its cloud and business services as the U.S. technology giant saw its market value close in on the trillion-dollar mark.

Profits in the quarter to March 31 rose 19 percent to $8.8 billion on revenues of $30.8 billion, an increase of 14 percent from the same period a year earlier. Microsoft shares gained some 3% in after-hours trade, pushing it closer to $1 trillion in value.

It ended the session Wednesday with a market valuation of some $960 million, just behind Apple but ahead of Amazon.

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Profits in the quarter to March 31 rose 19 percent to $8.8 billion on revenues of $30.8 billion, an increase of 14 percent from the same period a year earlier. Pixabay

In the fiscal third quarter, Microsoft showed its reliance on cloud computing and other business services which now drive its earnings, in contrast to its earlier days when it focused on consumer PC software.

“Leading organizations of every size in every industry trust the Microsoft cloud,” chief executive Satya Nadella said in a statement.

Commercial cloud revenue rose 41% from a year ago to $9.6 billion, which now makes up nearly a third of sales, Microsoft said.

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Microsoft shares gained some 3% in after-hours trade, pushing it closer to $1 trillion in value. Pixabay

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Some $10.2 billion in revenue came from the “productivity and business services” unit which includes its Office software suite for both consumers and enterprises, and the LinkedIn professional social network.

The “more personal computing” unit which includes its Windows software, Surface devices and gaming operations generated $10.6 billion in the quarter. (VOA)

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Microsoft May Take a Call on Windows 10 Updates to Huawei Laptops

Huawei said it would continue to provide security updates and after-sales services to existing Huawei and Honor smartphone and tablet products

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

After Google, Microsoft may take a call on Windows 10 updates to Huawei laptops, the media reported on Monday.

According to Techradar, the tech giant has declined to comment on whether they would continue in this role, saying “we have nothing to share.”

Google has already announced to block Android updates for Huawei and chip makers Qualcomm and Intel have said they can no longer provide chips to the Chinese giant.

Source: Pixabay

Google has barred Huawei from some updates to the Android operating system, dealing a major blow to the world’s second-largest smartphone seller.

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It also means loss of Android licence for Huawei, forcing it to use the open source version of the operating system.

Huawei said it would continue to provide security updates and after-sales services to existing Huawei and Honor smartphone and tablet products. It covers all the devices sold as well as in the stock globally. (IANS)