dcsimg
October 23, 2017
Hot Topics:

Cloud Computing Helps Microsoft Double Its Quarterly Profits

  • July 21, 2017
  • By Developer.com Staff

Microsoft has released its financial results for its fourth fiscal quarter, and the report is full of good news from the company's cloud computing business. Microsoft Azure had a 97 percent increase in revenue, and the company's total cloud computing revenue reached $7.4 billion, an 11 percent year-over-year increase. Business Insider points out that this means Microsoft has nearly reached CEO Satya Nadella's 2015 goal of generating $20 billion in annual cloud revenue by the end of 2018.

Overall, Microsoft reported $23.31 billion in revenue for the quarter, a 13 percent increase that was slightly lower than analyst expectations. However, its profits hit $6.5 billion, up from $3.1 billion the previous year. Adjusted earnings were 98 cents per share, which handily beat analyst expectations of 71 cents per share.

View article


Share



Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 


Enterprise Development Update

Don't miss an article. Subscribe to our newsletter below.

Sitemap | Contact Us

Thanks for your registration, follow us on our social networks to keep up-to-date
Rocket Fuel