Microsoft Quarterly Profit Soars on Cloud Services, LinkedIn Growth

Microsoft profits jump despite cloud growth slowdown

Microsoft profits jump despite cloud growth slowdown

Microsoft has released its latest set of financials.

Microsoft was rallying Thursday, up nearly 5%, after reporting fiscal first-quarter results that topped Wall Street estimates but included a slowdown in revenue growth from its cloud-computing unit.

Revenue from the company's Azure cloud computing business, which allows other companies to rent computing power from Microsoft's many data centers, once again spiked - this time up 76 percent.

Money taken in by a productivity and business processes unit rose to $9.8 billion, including strong growth in cloud-based Office productivity products aimed at consumers and companies, according to Microsoft.

Azure revenue grew 93 percent during the company's third quarter and 89 percent during its fiscal fourth quarter ended in June. Analysts polled by FactSet had expected earnings of 96 cents per share on revenue of $27.72 billion.

Overall, Microsoft posted a healthy quarter across all of its important segments.

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The Twins fired manager Paul Molitor last month and offered him a new role with the team. Baldelli has been the field coordinator for the Tampa Bay Rays since November 2017.

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Rodgers will likely hand starts to Jozo Simunovic, Lewis Morgan and Eboue Kouassi as the Bhoys target their second win in Group B. The Scottish champions are without several key players as they look to record their first ever win in Germany.

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Kvitova finished the match with 40 winners and 40 unforced errors. The match was quite intense and lasted all three sets. No more", Svitolina said, smiling.

For gaming, revenue was up 44% with Xbox hardware reporting a significant 94% growth in revenue; the prior year was soft from no new hardware releases; Xbox Live is now up to 57 million monthly active users.

"Most critical is having a platform where gamers are already there", Nadella said of the project during an earnings call with analysts.

First off, will the game line-up be the same as what we see on Xbox game Pass?

"I am most excited about the core (Xbox) community and content we have; I think that is what even gives us permission to think about streaming".

Aside from being a record first quarter for the company, Microsoft can point to specific instances of growth that include its Surface line of hardware contributing $1.037 billion to its revenue bottom line.

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