Microsoft Shares Wobble Despite 16% Lift In Revenues

Microsoft Earnings: What to Look For

Thanks in part to its colossal cloud business, Microsoft earnings are drenching shareholders in dollars.

Revenue at Microsoft's productivity and business processes unit, which includes Office 365, rose 17 percent to $9 billion, topping analysts' average expectation of $8.73 billion, according to Thomson Reuters.

Microsoft's next earnings report will be on July 19, and it will also have an end-of-year report.

Amazon is several times bigger than Redmond, Washington-based Microsoft in the cloud-infrastructure market, but doesn't focus on the work productivity-apps space.

The Azure cloud offering had 93 per cent revenue growth. Overall, LinkedIn revenue grew by 37% (33% CC).

The Intelligent Cloud unit saw its own 17% boost, up to $7.9 billion.

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This includes $9.92bn, up 13 per cent, year on year, from personal computing stuff: Windows, Surface and similar hardware, gaming, and search ads.

"We think folding Windows into the new Experiences and Devices division, which is led by a former Office executive, sends a strong signal of the supporting, and not leading, role Windows will likely take in coming years, and we like the continued emphasis on hybrid cloud and [artificial intelligence]", Stifel analysts Brad Reback wrote recently.

The company has about 30.6 million Office 365 consumer subscribers in the third quarter of the fiscal year of 2018.

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.

Microsoft stock is up 10 percent since the beginning of 2018.

The company reported $3.5 billion in capital expenditures, its highest level yet and up 66 percent year over year. In addition to the growth of its cloud business, Microsoft also recorded wins from LinkedIn, which saw revenue increase 37% and Surface revenue increasing 32%.

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