The Sentiment Is Just Peachy Ahead of This Afternoon's Report — Microsoft Earnings

02 February, 2018, 00:42 | Author: Lucy Floyd
  • Microsoft CEO Satya Nadella at Build 2017 in Seattle

The company's commercial cloud - which includes Azure, Office 365 and Dynamics 365 - reported revenue of US$5.3 billion during the quarter, a 56 per cent increase.

Revenues for the quarter rose 12 percent to $28.92 billion from $25.83 billion a year ago.

Since Chief Executive Officer Satya Nadella took the helm in 2014, Microsoft's cloud business - which includes products such as Office 365, Dynamic 365 and Azure computing platform - has emerged as a major growth driver. This was largely driven by Office 365, which is finally taking off in a big way with subscriptions up an impressive 41 percent. For its part, LinkedIn contributed revenue of $1.3 billion, Microsoft says. Sales in the quarter climbed 12% to $28.9bn, exceeding the average analyst estimate of $28.4bn.

Facebook said that it had 2.13 billion monthly active users and 1.4 billion daily users.

Killer whale learns how to mimic human speech
The team tested a 14-year-old female orca called Wilkie with multiple sounds in different scenarios, including using loudspeakers. Killer whales, or orcas, are the largest of the dolphins and one of the world's most powerful predators.

Microsoft's investment and company pivot toward cloud computing is paying off for shareholders who are now pocketing a pot of $5 billion in repurchased shares and dividends from the company.

The software maker took a US$13.8bn charge related to taxes owed on overseas cash, a result of recent changes to USA tax law. This was the 10th consecutive quarter of 90%+ revenue growth for Azure.

Microsoft certainly seems to be well-positioned for continued success going forward, with Azure blowing up and their Office products successfully making the jump to a subscription model.

Microsoft stock, which is closing in on the $100 per share mark, is down slightly following the company's latest financials. It also started offering customers the ability to host their workloads in France, bringing the number of regional options for data centre services to 42, and signed a seven-year deal to be the primary cloud provider for Chevron. Overall, Microsoft's outlook for Q3 is relatively conservative, with the company expecting between $25.2 billion and $26 billion in revenue. Commercial cloud's annual revenue run rate is $21 billion now. "Strong execution from our sales teams and partners is driving growth across our businesses". The launch of a new Xbox console saw gaming revenue up eight per cent. Daily users increased just 2.18 percent compared to last quarter, the slowest quarter-over-quarter growth ever posted by Facebook.

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