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@ 2016/04/30Software king of the world, Microsoft is still able to coin it in, thanks mostly to its Azure cloud product.
Microsoft reported earnings for its third fiscal quarter of 2016, including revenues of $22.1 billion. In Q3 2015, Microsoft saw $21.73 billion in revenues and most of the industry is having a snooze at the moment.
Wall Street had expected Microsoft to earn $22.09 billion in revenue so it did a little bit better than they expected.
Microsoft CEO Satya Nadella told the assorted throngs that organisations using digital technology to transform and drive new growth increasingly choose Microsoft as a partner.
“As these organisations turn to us, we’re seeing momentum across Microsoft’s cloud services and with Windows 10, ” he said, perhaps over optimistically.
That said the results from Office and Office 365 (commercial and consumer customers), grew 1 percent to $6.5 billion. Office 365 had a relatively slow quarter, adding just 1.6 million subscribers to hit 22.2 million. Office commercial products and cloud services revenue grew 7 percent with Office 365 revenue up nearly 63 percent.
Microsoft reported earnings for its third fiscal quarter of 2016, including revenues of $22.1 billion. In Q3 2015, Microsoft saw $21.73 billion in revenues and most of the industry is having a snooze at the moment.
Wall Street had expected Microsoft to earn $22.09 billion in revenue so it did a little bit better than they expected.
Microsoft CEO Satya Nadella told the assorted throngs that organisations using digital technology to transform and drive new growth increasingly choose Microsoft as a partner.
“As these organisations turn to us, we’re seeing momentum across Microsoft’s cloud services and with Windows 10, ” he said, perhaps over optimistically.
That said the results from Office and Office 365 (commercial and consumer customers), grew 1 percent to $6.5 billion. Office 365 had a relatively slow quarter, adding just 1.6 million subscribers to hit 22.2 million. Office commercial products and cloud services revenue grew 7 percent with Office 365 revenue up nearly 63 percent.
