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Microsoft takes home $24.5 Billion in revenue thanks to cloud

Microsoft loves to prove analyst wrong. They achieved a huge $24.5 Billion in revenue while analysts expected $23.56 Billion. All thanks to growths in all the sectors like Azure saw a 90% growth YOY. Let’s take a look at the highlights –

  • Revenue was $24.5 billion and increased 12%
  • Operating income was $7.7 billion and increased 15%
  • Net income was $6.6 billion and increased 16%
  • Diluted earnings per share was $0.84 and increased 17%
  • Windows OEM revenue increased 4% (up 4% in constant currency), ahead of the overall PC market
  • Windows commercial products and cloud services revenue increased 7% (up 6% in constant currency) driven by annuity revenue growth
  • Search advertising revenue excluding traffic acquisition costs increased 15% (up 15% in constant currency) driven by higher revenue per search and search volume
  • Surface revenue increased 12% (up 11% in constant currency) driven by sales of the new Surface Laptop
  • Gaming revenue increased 1% (0% in constant currency) with Xbox software and services revenue growth of 21% (up 20% in constant currency) offset by lower hardware revenue

 

 

Via Windows Central
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