Microsoft breaks $100bn in revenue

Oscar PerryJul 21, 2018

For the quarter, Wall St was looking for $1.08 a share on revenue of $29.2 billion. with Microsoft reporting $1.13 per share at the $30.1 billion. Leaving out that charge, operating income was $35.1bn this year, up 17 per cent on $29bn last year.

Microsoft now has three reporting segments: Productivity and Business Processes (covering Office, Exchange, SharePoint, Skype, and Dynamics), Intelligent Cloud (including Azure, Windows Server, SQL Server, Visual Studio, and Enterprise Services), and More Personal Computing (covering Windows, hardware, and Xbox, as well as search and advertising).

"In gaming, we're pursuing our expansive opportunity from the way games are created and distributed, to how they're played and viewed, surpassing ten billion revenue this year for the first time".

Microsoft also reported strong growth from other areas of its business, including social networking, gaming, and hardware.

Microsoft had fired several thousand employees a year ago as it announced a huge do-over in its sales strategy.

Microsoft's earnings once again grew on the strength of its cloud services.

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Results were just as impressive for the full fiscal year, which saw revenue hit a record-breaking $110.4 billion, up 14 percent from the $96.6 billion in FY2017.

Office 365 consumer costumers grew to 31.4 million, and Office products and cloud services revenue grew by 8% (6% CC). "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".

"Our hybrid value proposition has continued to resonate, so there are a bunch of workloads that are migrating to the cloud", the Microsoft boss said.

Raymond James is raising its fiscal 2019 and 2020 revenue and earnings-per-share estimates, given Microsoft's revenue beat and raise, and strong 2019 guidance for fiscal 2019 including a lower tax rate. The division's revenue was up 37 percent in the quarter.

Gaming revenue increased 39% with Xbox software and services revenue growth of 36%.

The numbers boded well for Microsoft's biggest acquisition in recent years, of professional networking site LinkedIn. Sales of Office 365 software rose by 38 per cent.

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