Microsoft beats Wall St targets on cloud services revenue

Microsoft hits $100bn in revenue for the first time thanks to cloud, Surface growth

The software giant's fiscal fourth-quarter results reported late Thursday were just the latest evidence of its success at moving its business beyond the software typically found on PCs.

If you needed any (more) evidence that Microsoft's Cloud platform is the future of the company, for the year ended June 30th, Microsoft smashed earnings expectations with Net Income of $8.9 billion. That was up 23% year over year-a record since the company began breaking out results for the segment three years ago.

"Our early investments in the intelligent cloud and intelligent edge are paying off, and we will continue to expand our reach in large and growing markets with differentiated innovation", he added.

All-Star pitcher apologizes for bad , offensive old tweets
Everybody will be OK. "You've got to forgive people". "All I can do is just live up to what happened and move on from it". Hader is not the first professional athlete to have damaging old tweets discovered while appearing on a big stage.

According to a ZDNet report, the biggest contributor to the milestone in income generation was Microsoft's cloud service, which includes Azure, Office 365 and Dynamics 365.

From the company's $110.4 billion in revenue, however, it made $16.6 billion in profit per generally accepted accounting principles (GAAP) reporting - a drop from the $25.5 billion it made on lower revenue the year prior, thanks to a $13.7 billion charge relating to the Tax Cuts and Jobs Act of 2017 regulation and a further $306 million charge relating to the company's recent restructuring exercise. Azure is gaining traction and is now sitting at 16% overall cloud market share versus Amazon Web Services which has around 32% based on recent market data.

Industry experts expect Cloud to continue to outpace traditional software sales models which Microsoft is well aware of. This included Windows OEM revenue, which increased by 7%, and OEM pro revenue growing by 14%.

Trump Says European Union Is America’s Biggest ‘Foe’
He wrote: "America and the European Union are best friends". "Helsinki may not be impressed either". Trump certainly does not expect to win over the Washington media and foreign policy establishment.

Sees "multiple positives" from the quarter that can support sustained double digit growth in revenues, earning per share and free cash flow long term.

Microsoft saw revenue gains across its full range of businesses including business services, gaming, Internet search ads, its consumer software including Windows and Office, and LinkedIn, the recently acquired professional social network. Gaming revenue increased 39% to $2.3bn, with the company's number of Xbox Live monthly active users increasing to 57 million. Office commercial as a whole grew 38% (35% CC), which is driven by the Office 365 seat growth of 29%.

Speaking to financial analysts on a conference call, Nadella made a point of praising Azure, noting Microsoft's recently signed mega-deal with Walmart to provide all of the cloud backend for the USA big-box behemoth.

UK police search for paraglider who flew over Trump resort
Deputy Attorney General Rod Rosenstein said Friday at the Department of Justice that he briefed Trump on the coming indictments earlier this week.

Related News:

  • Batwoman TV Series Coming To The CW

    Of all the members of the Bat-family, Batwoman is probably the most similar to Batman . According to Variety , The CW is developing a series based around Batwoman .
    Wimbledon: Meghan Markle & Kate Middleton to cheer on Serena Williams

    Wimbledon: Meghan Markle & Kate Middleton to cheer on Serena Williams

    Emotional after clinching her third Slam, the German bounded up into the players' box to embrace her family and coaching team. Kerber, cleverly moving Serena into awkward positions, took full advantage, winning four games in a row to wrap up the set.
    Trump tries to ease tensions with May after incendiary interview

    Trump tries to ease tensions with May after incendiary interview

    But on Friday, Trump gave a press conference with May in which he said on Brexit, "Whatever you're going to do is OK with us". Liberal Democrat leader Sir Vince Cable said the United States president "now chooses our leaders".
  • Donald Trump Calls on DNC to Hand Over Email Server

    Donald Trump Calls on DNC to Hand Over Email Server

    That is not just the finding of the American intelligence community but also the House Committee on Intelligence. Trump tossing the USA intelligence community under the bus drew some interesting reactions.
    Boris Johnson keeps powder dry - for now

    Boris Johnson keeps powder dry - for now

    Eurosceptic Conservatives are planning to vote against the government on several amendments to the trade bill. More wobbles, after the high-profile resignations, could leave the prime minister in a very fragile position.
    Weymouth police officer, elderly woman killed after suspect takes officer's gun

    Weymouth police officer, elderly woman killed after suspect takes officer's gun

    Tragedy struck the South Shore of MA on Sunday when a police officer and innocent bystander were killed in Weymouth. Chesna was shot in the chest and head and taken to South Shore Hospital where he was later pronounced dead.
  • Trump and Putin: Lack of concessions is cold comfort for bruised allies

    Trump and Putin: Lack of concessions is cold comfort for bruised allies

    Putin said allegations that Russian intelligence agencies had collected compromising information on Trump were "sheer nonsense ". There were no potential wins, except the chance of a move on nuclear proliferation, on which there ended up being none.
    France's World Cup heroes arrive home to victory parade

    France's World Cup heroes arrive home to victory parade

    Police fired tear gas as sporadic clashes broke out in Paris, Lyon, Strasbourg and Rouen. Before the Chinese wouldn't have been bothered who won, but now they want to know.

    Demi Moore rips Bruce Willis to shreds at comedy roast

    Willis' ex-wife appeared on stage and, right from the get-go, it was clear that Moore wasn't going to go easy on him. The Comedy Central Roast of Bruce Willis is set to air on July 29 on Comedy Central .
  • Trump lobs Brexit verbal grenade at May

    Trump lobs Brexit verbal grenade at May

    But, he added: "Whether he sees it, whether he reacts to it, we don't really care". Britain and the European Union have agreed on a transition period until December.
    In Kenya, Obama calls on leaders to celebrate diversity of tribes

    In Kenya, Obama calls on leaders to celebrate diversity of tribes

    Obama did not have a close relationship with his economist father, who left when he was just two and soon returned to Kenya. Mr Obama will be heading to South Africa after his Kenya visit to give the annual Mandela Day lecture on Wednesday.
    Amazon Prime Day 2018 - How To Maximize Savings

    Amazon Prime Day 2018 - How To Maximize Savings

    Telecom companies such as Airtel and Vodafone too are offering the Prime membership for free when you opt for some of their plans. Prime members often have access to online sales, member-exclusive discounts, and priority during product releases.


Most liked

Amazon's hopes its Prime Day doesn't go to the dogs
The Verdi union also said workers in Spain were staging a three-day strike, while Polish workers were staging a work to rule. After the United States, Germany is Amazon's second largest national market.

White House, officials clash over Putin's probe offer
The White House said on Wednesday that Trump would meet with his team about U.S officials being questioned by Russian Federation . Conservatives almost unilaterally blasted the Justice Department for announcing the indictments just before Mr.

Boston: Massachusetts Delegation Blasts Trump Meeting with Putin
Trump received a football of the FIFA World Cup in the news conference. "I don't see any reason why it would be", he replied. "'It is in the interest of both of our countries to continue our conversation and we have agreed to do so", Trump said .

President Trump asserts Russia not targeting US, contradicting intel
One user said Melania "was the only one in the room who understands how risky this man actually is", referring to Putin. Lindsey Graham said there was a "big discrepancy" between the president's statement and U.S.

New Chelsea boss Maurizio Sarri apologises for 'sexist, homophobic' comments
Zola spent seven years at the club between 1996 and 2003 and is one of the most popular players in the club's history. I can decide if I want to stay or go, but Chelsea will make the final decision - if they want to let me go.

Russian 'agent' arrested in USA to undermine Putin-Trump summit: Moscow
In a court filing calling for Butina's pre-trial detention, prosecutors disclosed Butina's alleged ties to Russian intelligence. Butina's arrest came as the Federal Bureau of Investigation feared she was preparing to leave the country.

Trump labels European Union foe of US
Trump complained: "No matter how well I do at the Summit", he'll face "criticism that it wasn't good enough". Big banners said "Welcome Trump " and "God Bless D & M Trump " and a helicopter hovered overhead.

'Helsinki has frozen over': Late night blasts Trump-Putin summit
Senate Majority Leader Mitch McConnell, a Republican, told reporters: "I've said a number of times and I'll say it again". However there are no objective reasons for these difficulties, the current tense atmosphere".

Graham: Don’t put the soccer ball in the Oval Office, Mr. President
As you may be aware, Trump and Putin held their summit in Helsinki today. "But I really do want to see the server". While Trump was seen as hopeful about the meeting's outcome, Putin talked about the "problem areas of the world".

In Britain rejected the possibility of a new referendum on Brexit
She said that would remove Britain's ability to have an independent trade policy and her government "will never stand for that". In a press conference after their talks Friday, Mr Trump said it had been a suggestion rather than advice.

Amazon's Prime Day outages trip up shoppers
In addition, Kindle users will also receive 50 per cent cashback on e-books they purchase during Amazon Prime Day . Prime Day deals will end the evening of Tuesday, July 17, or 3 AM ET on July 18. "It's much bigger than that".

Woman rescued week after vehicle plunges off cliff in US
As they continued down the trail, they saw a woman with injuries on her face and "signs of exposure to the elements". Authorities tend to Angela Hernandez after she was rescued, in Morro Bay, California.

Dancers, Pig Heads And Sweets: Thais Thank Cave Spirits For Saving Boys
He also described the assistant coach as a selfless man, who only ate after the boys, aged 11 to 16, were full. All of the children and their coach were successfully rescued.

In TV interview, Trump says queen called Brexit 'complex'
President Trump said that he doesn't see any Democratic challenger who could beat him in the 2020 presidential election. Somebody said are you friends or enemies? "That wasn't my policy", he interrupted, "Obama had the same exact policy".

Russian intelligence officers indicted for hacking 2016 U.S. election
They stole passwords, tracked keystrokes, took screenshots and watched banking information, the indictment said . Both were created and controlled by the Russian GRU, Rosenstein said.