Friday, January 29, 2016

Microsoft Tops Estimates Amid Nadella's Cloud Transformation - Bloomberg Business

Later in the article: "Excluding the impact of foreign-currency exchange rates, revenue from Azure in the second quarter rose 140 percent, and sales of Office 365 increased almost 70 percent, the company said." For more on Microsoft's expectations-management skills, see Microsoft Profit and Revenue Fall, but Cloud Computing Grows (NYT)
"Revenue from Azure -- Microsoft’s platform that sells data-center based computing power and services -- more than doubled as customers signed up for pricier offerings that can handle machine learning and process large reams of information. Subscriptions for Office 365 productivity software also lured both businesses and consumers, and even Windows sales came in better than the overall PC market, fueled by the adoption of Windows 10.
The gains add to optimism that Chief Executive Officer Nadella can revitalize growth by focusing on Web-based services and productivity applications. More than 70 percent of Fortune 500 companies are now using at least two different Microsoft cloud services, Nadella said on Thursday. His plan to focus on apps for rival platforms is also attracting users, with 340 million downloads of Office apps on Apple Inc.’s iOS and Google’s Android."
Microsoft Tops Estimates Amid Nadella's Cloud Transformation - Bloomberg Business
Post a Comment