Microsoft Corporation (MSFT) Q1 Earnings Beat As Azure Sales Surge 90%

Investor Eyes On Microsoft Corp. Stock Today as More Good Cloud News Seen

His efforts have helped win over customers like Bank of America Corp. for Azure, No. 2 behind Amazon.com Inc.in the biggest part of the cloud market, and internet-based Office 365 workplace tools.

Back in April 2015, Microsoft CEO Satya Nadella set the cloud revenue goal as a way of changing perceptions of Microsoft both inside and outside the company.

"Our strong start to the fiscal year reflects the impact of our continued investment in product innovation and sales capacity to capture expanding market opportunities", said Amy Hood, executive vice president and chief financial officer at Microsoft.

Finally, Microsoft's More Personal Computing unit, which includes its Windows, Surface PC, and Xbox businesses, was flat from the year-ago period, booking $9.4 billion in revenue. At the same time, as new data centers come online and become more efficient, Microsoft has been making progress in increasing the profitability of these services, with commercial cloud gross margin widening to 57 percent.

GM plans to cut sedan production, continue shift toward trucks and SUVs
The fund owned 79,154 shares of the auto manufacturer's stock after purchasing an additional 32,741 shares during the quarter. Boyd Watterson Asset Mgmt Limited Com Oh holds 0.48% of its portfolio in General Motors Company (NYSE:GM) for 27,000 shares.

Microsoft's cloud business - which includes products such as Office 365, Dynamic 365 and the flagship Azure computing platform - is a major growth driver.

Productivity and Business Processes: Revenue was up 28% on the year in constant currency to $8.2B.

Ahead of today's earnings, Microsoft's stock hit record highs. LinkedIn contributed revenue of $1.1 billion.

Microsoft reported revenue of $24.5 billion for the quarter, up almost 12 percent over the same period previous year.

Well, That's Probably It For Eric Bledsoe In Phoenix
The team not only underperformed, but they'd already suffered two 40+ point losses three games into the season. The 6-foot-1, 205-pounder is averaging 15.7 points and 3.0 assists per game so far this season.

Surface revenue finally saw some growth, as it had been declining for a while due to the lack of new hardware.

PiperJaffray analysts Alex Zukin, Scott Wilson and Taylor Reiners had expected 30 percent growth in Office 365 commercial revenue, which would have been down from more than 40 percent in revenue growth in the past two years. Gaming revenue, however, only increased 1 percent, even as Xbox software and services revenue was up 21 percent.

As for Windows, revenue from companies putting Pro versions of the operating system on devices was up by 4 percent.

Tesla to set up China plant without local partners
Tesla reiterated a statement from June that it is working with the Shanghai government to explore local manufacturing. By setting up a factory in the city's free trade zone, Tesla also could reduce production costs significantly.

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