Microsoft shares hit record highs, powered by growing cloud sales

Share

AT&T says the move is part of its transformation to become a "public cloud first" company, migrating most of its non-network workloads to the public cloud by 2024.

Sales of Office 365 software to businesses jumped 31 per cent. Azure surged 64 percent year over year, Microsoft disclosed.

Microsoft in June gave the world a first glimpse of a powerful next-generation Xbox that it aims to release late next year.

Microsoft Corp.'s (MSFT.O) quarterly sales and profit topped estimates on the strength of the company's cloud-computing business, which racked up clients for Azure web services and Office productivity software.

Sales of Windows to PC makers in the quarter were better than expected, rising 9% overall and 18% for the pricier professional editions, Microsoft said, far outpacing the overall PC market.

Additional key opportunities for Anexinet with Microsoft include cloud migrations and disaster recovery for Azure, he said. Total revenue for Microsoft climbed 12 percent during the fiscal fourth quarter to reach $33.72 billion, compared to $30.09 billion a year ago.

More news: ‘Cats’ trailer featuring Idris Elba and Jennifer Hudson is hilarious and horrifying
More news: Iran breaches of nuclear deal not yet significant, says EU
More news: Southwest’s timeline for Boeing 737 MAX pushed back, affecting Sacramento passengers

While the personal computing segment still generated growth, revenue was up just 4.3 percent to $11.28 billion, from $10.81 billion during the same period a year earlier. Cloud service customers run their software applications in data centers managed by the cloud provider. "And we almost doubled our first-party game studios this year to deliver differentiated content for our fast-growing subscription services like Xbox Game Pass, now available on both console and PC". The company noted that its Intelligent Cloud segment, revenue grew 19% but we still don't have a direct comparison for Azure to AWS; Microsoft continues to hide its raw cloud revenue under various umbrellas.

The company also saw revenue rise from server products; Windows operating software; online search advertising, and its Surface table computers.

One of the joys of Gamescom is that it goes out of its way to accommodate the general public, and Microsoft announced that, at the show, it will lay on a program for Xbox fans called Xbox Open Doors: "Held at the Gloria Theatre on Wednesday, August 21 to Friday, August 23, Xbox Open Doors offers fans a multi-day experience during the week of Gamescom".

Mike Spencer, head of investor relations at Microsoft, said Windows results were fueled by customers upgrading from Windows 7, which will be retired next year, and the result of some PC customers stockpiling inventory in anticipation of possible tariffs.

The increase in net income was 49 percent, but was affected by a one-time tax benefit of $2.6 billion from transferring some properties from foreign subsidiaries to the USA and Ireland.

Share