Microsoft's Q3 strong as commercial cloud revenue hits $15.2 billion run rate

Office consumer products and cloud services revenue rose 15 percent, as the number of Office 365 consumer subscribers increased to 26.2 million.

The company reported net income of $5.7 billion non-GAAP ($4.8 billion GAAP) for the three months ending March 31, 2017, on revenue of $23.6 billion non-GAAP ($22.1 billion GAAP).

Microsoft reversed two consecutive quarterly declines in its gaming revenue, with an increase last quarter of 4% (6% CC), "driven by growth in Xbox Live".

This is the first quarter that Microsoft is counting LinkedIn's contributions to its results, and the social network was responsible for $975 million of revenue.

Danish shipping company Maersk said Wednesday it would use Microsoft's loud computing platform, Azure, to develop digital products and services across all brands in the A.P. Moller - Maersk Transport & Logistics division.

Russian hackers 'target' presidential candidate Macron
Kremlin Spokesman Dmitry Peskov dismissed allegations of any Russian interference in the French elections on Monday. Emmanuel Macron, French presidential candidate, speaks to journalists in Bazainville, France, on April 18.

Al-Sisi heads to Saudi Arabia Sunday to attend Egyptian-Saudi summit
Saudi Arabia supported Egypt with billions of dollars in aid after the ouster of the Islamist president Mohamed Morsi in 2013. In other changes, Salman dismissed minister of information and culture Adel Al Turaifi and replaced him with Awad Al Awad.

The 'Pretty Little Liars' Cast Attend Their Final Upfronts Together in NYC
Yvonne deserves better than this, but at least if she stays unconscious Toby and Spencer will be able to get back together... The game is titled " Liar's Lament " and features figurines of the girls surrounding a landscape of Rosewood.

Microsoft reported earnings today, beating Wall Street estimates on EPS, but coming in with a slight miss on revenue. Diluted earnings per share stood at $0.73 non-GAAP ($0.61 GAAP).

The reason was a shortfall in the company's More Personal Computing segment, which includes Windows and hardware like the Surface tablets, booked $8.84 billion in revenue - well behind average expectations of $9.22 billion (according to StreetAccount), and down 7% from previous year. Even though there was a 5% rise in Windows OEM revenue, Microsoft Surface's revenue fell by 26% which was likely caused by lack of major upgrades to the product line.

Under Chief Executive Satya Nadella, who took the helm in 2014, Microsoft has sharpened its focus on the fast-growing cloud computing unit to counter a prolonged slowdown in the PC market, which has weighed on demand for its Windows software. Revenue gained 7.6% to $22.1 billion and was $23.6 billion on an adjusted basis. Server products and cloud services revenue was up 15 percent.

Operating expenses jumped 12% from last year's quarter, to $8.4 billion, due in large part to the acquisition of LinkedIn. There are now 26.2 million consumers subscribed to Office 365.

Cloud: Total revenue from Microsoft's "Intelligent Cloud" business hit $6.8 billion this quarter.


Popular
  • Trump ladies: Melania and Ivanka have a 'frosty' relationship

    Trump ladies: Melania and Ivanka have a 'frosty' relationship

    Most recently, pictures circulated of the President descending the stairs of a plane way ahead of the First Lady . Here are five things you may not have known about the model, businesswoman and first lady.

    Turkish strikes kill 3 in northern Syria

    The Syrian Kurdish forces, backed by the USA -led coalition, are closing in on IS de facto capital, the city of Raqqa. PKK is designated a terrorist organization by Turkey, the United States and the European Union.
    Nadal wins 10th Monte Carlo title, makes history

    Nadal wins 10th Monte Carlo title, makes history

    Outclassed by an iconic champion today, Ramos-Vinolas will reap the rewards of a breakthrough tournament. Nadal will face Albert Ramos-ViƱolas in the final at Court Ranier III on Sunday.
  • Jennifer Hudson Covers Whitney & More at All-Star Salute to Clive Davis

    Jennifer Hudson Covers Whitney & More at All-Star Salute to Clive Davis

    Davis earned a loud cheer from the audience when he started dancing. From 1967 to 1973, Davis was the president of Columbia Records. His documentary will be available on Apple Music .

    Turkish minister says ECHR has no jurisdiction over referendum

    But Erdogan on Thursday mocked the CHP's suggestions that it could go to the two courts with requests to cancel the referendum. Tezcan earlier urged the results not to be finalised until the case was concluded.
    ITC examining options for Taj Mansingh auction

    ITC examining options for Taj Mansingh auction

    The New Delhi Municipal Corporation (NDMC) had sought the court's permission to auction the hotel. Till now the Tatas had been seeking an order against the auction of the property.
  • GameStop Confirms Nintendo Switch In Stock Today!

    Two players can also play in split-screen via the Wireless Play mode, but there's one restriction you'll have to keep in mind. Some of these modes are very familiar, such as the standard Balloon Battle that we've always played in Battle Mode.
    Cards' Wainwright has HR, 4 RBIs in first win of season

    Cards' Wainwright has HR, 4 RBIs in first win of season

    He did an about face pitching five innings and driving in four runs in the Cardinals 6-3 over the Brewers in Milwaukee . The Cards are 19-8 in Martinez's last 27 road starts and are 21-10 in his last 31 outings versus divisional opponents.
    Lights Off, Blankets Out: Lyrid Meteor Shower Peaks Tonight

    Lights Off, Blankets Out: Lyrid Meteor Shower Peaks Tonight

    If the weather cooperates, Washingtonians could get a glimpse of the annual Lyrid meteor shower Friday night. For optimal viewing, find an open sky, lie on the ground, and look straight up into the dark sky.
  • 'Bachelor' star Chris Soules' 911 call made public

    'Bachelor' star Chris Soules' 911 call made public

    He tells her the tractor is not atop the man, and when she asks if Soules knows how to perform CPR, he responds he does not. Our sources say the fact Soules is famous works against him, because prosecutors don't want to appear soft on celebrities.

    China launches 1st domestically-made aircraft carrier

    State media said the unnamed ship was "transferred from dry dock into the water" in the north east port of Dalian. It is the country's second aircraft carrier, after the Liaoning , and the first to be made domestically.

    Le Pen, Macron ahead in French presidential vote, partial official figures show

    It's also the first ever to be held while France is under a state of emergency, put in place since the November 2015 attacks in Paris that left 130 people dead.

CONNECT