{"id":339499,"date":"2017-04-28T04:18:58","date_gmt":"2017-04-27T20:18:58","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1482399"},"modified":"2017-04-28T04:18:58","modified_gmt":"2017-04-27T20:18:58","slug":"microsoft-meets-expectations-with-23-6b-in-revenue-azure-revenue-up-93","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/microsoft-meets-expectations-with-23-6b-in-revenue-azure-revenue-up-93\/","title":{"rendered":"Microsoft meets expectations with $23.6B in revenue, Azure revenue up 93%"},"content":{"rendered":"

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Microsoft just reported\u00a0earnings<\/a> for the last quarter. The company reported non-GAAP revenue of $23.6 billion and non-GAAP earnings per share of $0.73. Wall Street\u2019s cadre of crack analysts expected the company\u2019s earnings per share to come in at around $0.70, with revenue hitting about $23.6 billion. In the year-ago quarter, Microsoft reported earnings per share of $0.62.<\/p>\n

Wall Street, despite getting its prediction mostly right, wasn\u2019t all that impressed by the earnings and Microsoft\u2019s stock is currently trending down<\/a>\u00a0by almost 2 percent in after-hours trading.<\/p>\n

\u201cOur results this quarter reflect the trust customers are placing in the Microsoft Cloud,\u201d said Microsoft CEO Satya Nadella in the earnings announcement. \u201cFrom large multi-nationals to small and medium businesses to non-profits all over the world, organizations are using Microsoft\u2019s cloud platforms to power their digital transformation.\u201d<\/p>\n

\"\"<\/a><\/p>\n

Here are the highlights from today\u2019s report:<\/p>\n

Cloud<\/strong>: Total revenue from Microsoft\u2019s \u201cIntelligent Cloud\u201d business hit $6.8 billion this quarter. Microsoft expects its cloud-computing business to\u00a0hit a $20 billion run rate by 2018. That\u2019s up 11 percent from last year, when this number was $6.1 billion. Most importantly, though, Azure revenue was up 93 percent.<\/p>\n

This was also the first full quarter since Microsoft\u2019s massive $26 billion acquisition of LinkedIn closed. The expectation here was that LinkedIn would contribute about $950 million to Microsoft\u2019s productivity and business processes<\/strong> segment and those numbers for LinkedIn came in a bit higher at $975 million.<\/p>\n

\"\"<\/a><\/p>\n

The productivity segment tends to be dominated by revenue from products like Office and Dynamics. In total, Microsoft reported revenue of $8 billion for this group of products, compared to $6.5 billion a year ago.<\/p>\n

Since launching the Surface line, Microsoft\u2019s own devices have made up an increasingly important part of the company\u2019s revenue (though revenue from phones, of course, has been tanking for a few quarters now and continues to do so). The More Personal Computing\u00a0<\/strong>segment, which includes Windows, devices, gaming and search, reported revenue of $8.8 billion, compared to $9.5 billion a year ago. This drop in revenue was mostly driven by lower Surface revenue, which decreased by a whopping 26 percent. Other areas like Windows OEM revenue, gaming revenue and even search revenue were up by between 4 and 8 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Microsoft just reported\u00a0earnings for the last quarter. The company reported non-GAAP revenue of $23.6 billion and non-GAAP earnings per share of $0.73. Wall Street’s cadre of crack analysts expected the company’s earnings per share to come in at around $0.70, with revenue hitting about $23.6 billion. In the year-ago quarter, Microsoft reported earnings per share of $0.62. Wall… Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

\"\"\/ <\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[59,66,26],"class_list":["post-339499","post","type-post","status-publish","format-standard","hentry","category-technology","tag-media","tag-techcrunch","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/339499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=339499"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/339499\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=339499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=339499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=339499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}