Microsoft's Revenue Climbs up Into the Cloud

AT&T teams up with Microsoft on cloud, edge, AI, 5G

Chief Executive Officer Satya Nadella is working to keep up a steady flow of cloud deals, seeking to center Microsoft's strategy on web services and narrow the gap with market leader Inc.

"Every day, we work alongside our customers to help them build their own digital capability.This commitment to our customers' success is resulting in larger, multi-year commercial cloud agreements and growing momentum across every layer of our technology stack".

"Everything has been going well for them", said Sid Parakh, a portfolio manager at Becker Capital Management, which counts Microsoft as its biggest holding.

However, the rise of cloud computing services in other companies may provide a challenge to Microsoft.

In addition to the quarterly details, Microsoft also reported its results for the full 2019 fiscal year ending June 30. FactSet analysts expected only $32.8 billion.

Operating income increased to $12.4 billion, a 20 percent increase with all three reporting segments of the company posting a growth in revenue as compared to Q4 2018.

Shares of Microsoft rose 1.2 per cent to $138.13 in extended trading. This was an increase of 12% from the previous quarter. The company's market value has almost quadrupled since Nadella became CEO, and Microsoft has avoided much of the regulatory and antitrust scrutiny centered on other large tech firms Alphabet Inc, Apple Inc and Facebook Inc.

This is also the first set of results that sees Microsoft retaining its trillion-dollar value, achieved earlier in the year.

Additional key opportunities for Anexinet with Microsoft include cloud migrations and disaster recovery for Azure, he said. "The Street will be loudly applauding this forecast".

Sales of Office 365 software to businesses jumped 31 per cent. Azure's 64% growth this quarter is still the lowest in recent times, declining from the 73% growth it experienced in FYQ3.

Lastly, at Xbox, we believe that gaming should be safe, inclusive, and accessible for all, and in that spirit we're excited to announce that our booth is even more accessible to fans at the show this year.

As ever though, Microsoft is making its money in the cloud.

Revenue in the company's productivity and business unit, which includes the Office suite of programs like Word, Excel and PowerPoint, rose 14% in the quarter to $11 billion, exceeding analysts' average estimate of $10.7 billion.

In the More Personal Computing segment, total revenue was up 6% with Surface Revenue of $1.3 billion, gaming revenue of $2.053 billion, and Windows OEM Pro revenue grew at 18%, outpacing the PC market.

Accounting for around a third of sales for this period, Microsoft's cloud computing business increased by 39%.

Held at the Gloria Theatre on Wednesday, August 21 to Friday, August 23, Xbox Open Doors offers fans a multiday experience during the week of Gamescom.

Surface revenue is up 14 per cent, despite there being no new models being released in the quarter.

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