Microsoft tops $1 trillion as it predicts more cloud growth

Microsoft 3Q19 revenue up 14% on the back of strong cloud and, uh, Windows? ars_ab.settitle(1495761);

Microsoft's cloud business, which includes Azure and other cloud-based services, continued to be a money-making machine in its third quarter results.

Microsoft shares have gained 23 percent this year, topping the 17 percent increase in the S&P 500 Index.

The company's shares rose about 4% in extended trading on the results, after closing at $125.01 in NY.

Under chief executive Satya Nadella, the company has over the past five years been shifting from reliance on its once-dominant Windows operating system to selling cloud-based services. What really excited the stock market, however, was the 73 percent increase in revenues from Azure cloud services.

Profits in the quarter to March 31 rose 19 percent to $8.8 billion on revenues of $30.8 billion, an increase of 14 percent from the same period a year earlier.

Christopher Eberle, Nomura Instinet analyst, says Microsoft is an absolute buy right now, as the company continues to focus on and improve its customers' digital experiences.

Читайте также: Golden Knights vs. San Jose Sharks Game 7 Live Stream

Net income rose to US$8.81 billion, or US$1.15 per share, from US$7.42 billion, or 96 United States cents per share, a year earlier. Microsoft also topped forecasts with $30.6 billion in revenue, a year-over-year increase of 14%. (NASDAQ: AAPL) as one of the only three USA companies to ever reach a market cap of $1 trillion.

More Personal Computing revenue was up 8 percent to $10.7 billion, with operating income up 25 percent to $3.2 billion.

Microsoft is battling Amazon for a multi-billion dollar contract to supply the US military with cloud computing services.

Starting the week trading at $121.05, Microsoft managed to surpass both companies briefly when it leaped to $125.76 on Tuesday, pushing the company past a $1 trillion market cap. Surface computers saw the biggest gains, up 21%, while search advertising revenue grew 12%.

"Computing experiences are evolving to include multiple senses and are no longer bound to one device at a time but increasingly spanning many as we move from home to work and on the go", Nadella told Forbes in an interview previous year. Server products and cloud services grew 27 percent.

Microsoft tops tech rivals such as Amazon in market capitalisation on some days despite having less revenue, partly because most of its sales are to businesses, which tend to be steadier clients than consumers. The gaming market is expected to decrease year-over-year, however, due to fierce competition from popular online games like Fortnite, Microsoft said on its earnings call.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related news:

Hot News

isis-killer-beheading-video-story-top Sri Lanka attacks: Face coverings banned after Easter bloodshed
Апр 29, 2019 - 12:27
The government also warned that it would crack down on those spreading false information and making inflammatory remarks. Elsewhere, more suspects were detained, bringing to 150 the number of people arrested since the bombings .

isis-killer-beheading-video-story-top BRI forum: PM Imran to leave for China tomorrow
Апр 29, 2019 - 11:59
Panelo said: "First is the Exchange of Letters on Production Capacity and Investment Cooperation between the Philippines and China".

isis-killer-beheading-video-story-top Zidane slams display in Rayo Vallecano defeat — Real Madrid
Апр 29, 2019 - 11:41
People before said I could not play with [fellow World Cup 98 victor Youri] Djorkaeff. "Keylor played today. That is the reality of today, we can not play like this. "Today was just opposite of what was planned".

isis-killer-beheading-video-story-top Watch 'Game of Thrones' Battle of Winterfell Online Without Cable
Апр 29, 2019 - 11:36
Game of Throneshas never been about giving readers or viewers what they most want . Theon died protecting Bran , but the Night King was ready to slaughter him .

isis-killer-beheading-video-story-top Nintendo: No New Switch at E3
Апр 28, 2019 - 05:40
Following the release of the fiscal year's financial results earlier today, Nintendo held their quarterly investor meeting today. Nintendo CEO Shuntaro Furukawa shot down rumors that Nintendo would demo a new Switch model at E3 this year.

isis-killer-beheading-video-story-top California synagogue shooting: ‘Multiple injuries’ as police scramble near San Diego
Апр 28, 2019 - 05:27
Nisleit said the suspect got out of his auto with his hands up and he was taken into custody without incident. Gore says an off-duty Border Patrol agent believed to be inside the synagogue shot at the suspect as he fled.

isis-killer-beheading-video-story-top Putin, Kim meet in Russian Federation for summit
Апр 28, 2019 - 04:55
Under Putin, Russia has attempted to disrupt USA interests around the world, in countries including Syria, Ukraine, and Venezuela. The authorities have temporarily closed the waters around Russky Island to all maritime traffic.

isis-killer-beheading-video-story-top Facebook Stories somehow hits 500 million users per day
Апр 28, 2019 - 04:47
The data was later used by Cambridge Analytica , which has been accused of being involved with US political campaigns. The commissioners expressed dismay that Facebook'd rebuffed recommendations and their findings .

isis-killer-beheading-video-story-top NY county issues 2nd state of emergency over measles outbreak
Апр 28, 2019 - 04:28
So far in 2019, 626 cases of the measles have been reported in 22 states, according to the Centers for Disease Control . Kennedy told reporters that Trump asked him to lead a commission on "vaccination safety and scientific integrity".

isis-killer-beheading-video-story-top North and South Korea mark Moon-Kim summit anniversary with different tones
Апр 28, 2019 - 03:58
Kim arrived in Russian Federation on Wednesday by armoured train just days after confirmation of the meeting was made. The men then exchanged luxury gifts, and Putin feted Kim with an honorary banquet and toast.

isis-killer-beheading-video-story-top So, who is going to die next week on 'Game of Thrones?'
Апр 28, 2019 - 03:35
This one's the first of four final 80-minute episodes - so be sure to prepare yourself in the coming days for an epic showdown. The mystery's compelling enough, so binge watching this one is easy if body horror (mixed with some mysticism) is your jam.

isis-killer-beheading-video-story-top MEASLES OUTBREAK: Decreasing vaccination rates 'causing spread' worldwide
Апр 28, 2019 - 03:14
In Nigeria, almost four million children under one year missed out on the first dose of the vaccine against measles in 2017 alone. Nigeria has the highest number of children under one year of age who did not get a first dose: approximately four million.

isis-killer-beheading-video-story-top NFL Draft: Browns select Odell Beckham Jr. with the No. 17 pick
Апр 27, 2019 - 03:47
But if there is one thing that I'm truly ticked off about, it's how all of us "fans" responded to what happened. All right - the first night of the National Football League didn't go as planned for many Houston Texans fans.

isis-killer-beheading-video-story-top New census question could turn people off from participating in Northeast Ohio
Апр 27, 2019 - 03:43
Remember: The census is used to divvy up seats in the House as a proportion of their population based on the head count. One judge concluded that perhaps 5 percent of people would refuse to fill out the 2020 census because of the question.

isis-killer-beheading-video-story-top Redmi Y3, Redmi 7 Sport All-New Design Language
Апр 27, 2019 - 02:46
The first sale of the Redmi 7 will be carried out on April 29th at 12pm through platforms like Mi.com, Mi Homes and Amazon India. Powering the whole device is a 4,000mAh battery, which is again an upgrade over the 3,000mAh unit of its predecessor.