Microsoft Corporation (MSFT) Q2 Earnings Beat As Business Revenue Soars

02 February, 2018, 00:47 | Author: Bertha Harmon
  • Microsoft CEO Satya Nadella at Build 2017 in Seattle

The main stagnant spot remains the company's Surface computers, whose sales grew just 1% in the past quarter.

GAAP results include a $13.8 billion net charge related to the Tax Cuts and Jobs Act (TCJA).

More formally, Microsoft's $28.9bn is broken into three business units: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing.

Office 365 consumer also grew to 29.2 million subscribers, from 28 million in the previous quarter.

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Microsoft's investment and company pivot toward cloud computing is paying off for shareholders who are now pocketing a pot of $5 billion in repurchased shares and dividends from the company.

KeyBanc found artificial intelligence cloud products, like easy-to-access image recognition and natural language processing for developers, as a distinguishing factor for Microsoft, noting that the company had more offerings than competitors.

The company, which has focused on the cloud to lead it into the post-PC era, had a lot to celebrate as it looks to catch up to - its archrival for cloud dominance.

LinkedIn contributed revenue of $1.3 billion during the quarter with sessions growth over 20% for the 5th consecutive quarter. Columbia Sportswear is implementing these innovations through Microsoft's flexible, agile development platform, Visual Studio Team Services, and creating revolutionary data platforms at scale with Azure data services and integration platforms, according to Microsoft. Overall, Microsoft (MSFT) reported better-than-expected earnings (http://www.marketwatch.com/story/shares-of-microsoft-slide-as-software-giant-reports-a-quarterly-loss-on-tax-cuts-2018-01-31) for its fiscal second quarter, even as the company reported a net loss because of a whopping $13.8 billion charge associated with changes in the us tax code.

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"This quarter's results speak to the differentiated value we are delivering to customers across our productivity solutions and as the hybrid cloud provider of choice", Microsoft CEO Satya Nadella said in a statement.

Since Chief Executive Satya Nadella took the helm in 2014, Microsoft's cloud business - which includes products such as Office 365, Dynamic 365 and Azure - has emerged as a major growth area.

Surface revenue was flat in constant currency. Revenue from Surface hardware was little changed from a year ago, and gaming revenue rose 8%, fuelled by the release of the high-end Xbox One X console.

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