Published: Thu, February 01, 2018
Tech | By

Microsoft revenue climbs to $28.9B, besting Wall Street expectations once again

Microsoft revenue climbs to $28.9B, besting Wall Street expectations once again

That's above FactSet's $7.51 billion estimate for the segment. That works out to a non-GAAP earnings per share of $0.96. For its part, LinkedIn contributed revenue of $1.3 billion, Microsoft says. The social network site remained in the red though, with an operating loss of Dollars 265 million, a small improvement from Q1. She cited strong execution from the company's sales teams and partners for the growth recorded across business lines. Helping to push that up was Office 365, which saw commercial revenue growth of 41 percent.

Productivity and Business Processes sales jumped 25% in the latest period, while Intelligent Cloud revenue gained 15%. Columbia Sportswear also intends to use Dynamics 365 and Azure to gain greater consumer insights and business intelligence through every consumer interaction, whether through its wholesale businesses, brick-and-mortar retail stores, ecommerce experiences or mobile channels. Office consumer products and cloud services grew by 12% (11% CC). "Our investments in IoT, data, and AI services across cloud and the edge position us to further accelerate growth".

At the Intelligent Cloud division, sales were up 15 percent to United States dollars 7.8 billion, driven by continued strong demand for Azure could services, which posted revenues up 98 percent from a year ago. Amazon still leads by a margin of more than 3 to 1, KeyBanc said, but that's an improvement over the 4-to-1 ratio of the same period a year earlier.

Everything else falls under the "More Personal Computing" department, and that's what includes Windows, Surface, Xbox, search, and more. The figure topped the FactSet consensus estimate of $12.02 billion. Windows commercial products and services decreased 5% due to a large deal in the prior year.

Gaming revenue grew by 8% (8% CC), which includes an impressive 14% growth (13% CC) in Xbox hardware, which is attributed to the Xbox One X launch in November.

The software fixes for the chip vulnerabilities are also slowing the performance of older PCs, a market that has been in decline for several years.

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