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lakeelmoleader.com November 22, 2017


Microsoft up after Q1 beats, achieves $20B Cloud goal

27 October 2017, 12:50 | Ruben Fields

Microsoft easily beats the street as its cloud run rate passes $20B a year early

Satya Nadella chief executive officer of Microsoft Corp. smiles during the Microsoft Developers Build Conference in Seattle Washington U.S. on Wednesday

Microsoft hit a new milestone in its cloud services business this quarter: it's now able to project over $20 billion in annual revenue. For those keeping score at home, Microsoft's commercial cloud rollup includes Azure; Office 365 business services (Exchange Online, SharePoint Online, Skype for Business Online, Microsoft Teams); Dynamics 365; and its Enterprise Mobility + Security Suite (EMS).

The engines of Microsoft's growth have been its Intelligent Cloud segment, which includes Azure, and its Productivity and Business Processes segment, which includes the Office franchise.

Commercial cloud revenue was $20.4 billion on an annualized basis, meeting the company's $20 billion target previously set for the fiscal year that started July 1. Gaming revenue, however, only increased 1 percent, even as Xbox software and services revenue was up 21 percent.

Under Satya Nadella, Microsoft has been transforming itself and focusing more on cloud-based services as PC shipments continue to drop. Windows commercial licensing and cloud services revenue increased by 7 percent.

The company reported a total of $24.538 billion in revenue, which is a 12% (11% in constant currency) increase from a year ago, which was $21.928B.

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Despite doom and gloom about its platforms, Microsoft had no problem impressing investors and analysts this quarter, generating earnings of $0.84 per share, well beyond the $0.72 per share analysts were expecting. That's in large part to the continued growth of Microsoft's cloud business.

Revenue from Windows, gaming, and other PC businesses was flat overall this quarter, at $9.4 billion.

Azure sales rose 90 percent. Search acquisition costs jumped 15 percent. Notably, Surface sales has gone up for the first time in a long while. Another strong point was Microsoft's Surface hardware revenue, which surged 12% for the quarter after the Surface Laptop was introduced in June.

On the Xbox front, Microsoft says hardware revenue declined significantly - due to lower pricing and fewer sales - but overall revenue still ticked up ever so slightly thanks to increased Xbox Live transactions.



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