Cloud, Office growth helps Microsoft log $36.8bn in revenue

Microsoft Earnings: What to Look For

The Redmond company reported a profit of $7.4 billion, or 95 cents a share, on revenue of $26.8 billion for the quarter.

The cloud transition is changing the company's business model to one with a rising share of steady, recurring revenue from cloud subscriptions rather than traditional software sales.

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Bezos also took heat in Berlin, Germany, on Wednesday from union workers protesting their meager pay. Revenue was $5.44 billion, up 49 percent from revenue of $3.66 billion in the year-ago quarter.

The tech giant posted 16 per cent increase in revenue and 35 per cent hike in net income from a year earlier. The Windows and Devices Group was effectively split up and put inside the Experiences and Devices group (which includes Microsoft's Office 365 and other productivity applications) and the Cloud and Artificial Intelligence Platform group (which includes infrastructure products like Windows Server and the Azure cloud platform).

Overall Windows OEM revenue increased 4% (up 4% in constant currency). Surface revenue surged by 32 percent, while gaming ralso saw a pretty significant bump of 18 percent driven by software and services growth.

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Allen says he was parroting rap lyrics and catchphrases from TV and pop culture, adding he was "young and dumb" at the time. On Tuesday Allen said he would relish the challenge of being chosen No.1 overall by the Browns.

Microsoft Corp on Thursday topped for quarterly profit as the technology company signed up more businesses to its Azure cloud computing services and Office 365 productivity suite. Azure is once again the superstar from this section, growing by 93% (89% CC) YoY. Enterprise Mobility grew 55% YoY, and that's now over 65 million, possibly due to the firm's Microsoft 365 offerings.

Our results this quarter reflect the trust people and organizations are placing in the Microsoft Cloud. Surface revenue was up 27% due to product end-of-life cycles. Xbox Live monthly active users grew 13% YoY to 59 million, which is around where it was last quarter.

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At this time , the name of the new royal baby has not been announced, but he will still have a mouthful of a title regardless. Now that the sex of the baby has been announced after much speculation , royal fans are dying to know what he'll be named.

Total cloud revenue now stands at more than $20 billion on an annual basis, and Brent Bracelin, an analyst at KeyBanc Capital Markets, expects Microsoft to exit next year with double that. Search advertising acquisition costs increased 16 percent, driven by higher revenue per search, and search volume.

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