Cloud, Windows sales power Microsoft earnings above Wall Street estimates

FILE PHOTO: Microsoft CEO Satya Nadella addresses a news conference in Berlin, Germany February 27, 2019. REUTERS/Fabrizio Bensch

Microsoft Chief Financial Officer Amy Hood said increased consumption of Azure services, which include offerings such as computing power to run applications and data storage services, drove the increased revenue growth. Commercial cloud gross profit margins - a key measure of cloud profitability that Microsoft has told investors it expects to improve - were 67%, versus 62% the year before.Hood said the company was working to improve margins on its core Azure services, which rely on data centers that can cost billions of dollars to build. She cited “hardware improvements and taking advantage of those hardware improvements.

The shift to the cloud has propelled shares in the world’s largest software company up more than 50% in the past year, as it gains ground against market leader Amazon and also parries the threats to its classic software programs from newer entrants like Alphabet Inc’s Google.

Is Microsoft still in business?

Windows still got it 😂😂 mohamed_anwar83

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

McDonald's earnings beat Wall Street estimates, helped by price hikes as US foot traffic declinedMcDonald's reported earnings Wednesday for the first time since its board fired CEO Steve Easterbrook in November for having a consensual relationship with an employee.
Source: CNBC - 🏆 12. / 72 Read more »

Microsoft set to report earnings after the bellMicrosoft is positioned to benefit as companies migrate to its Windows 10 operating system, but analysts project slowing growth in the Azure cloud business.
Source: CNBC - 🏆 12. / 72 Read more »

Apple stock rallies on earnings beat—here's what could happen nextApple hit a record high on Wednesday after topping earnings and sales estimates in its recent quarter. Here's what five experts are watching now. TradingNation The MM pumped the stock price of AAPL so hard to pleasure Buffett. As Buffett sold his holding, we will see a huge dump from now. Apple may have had blowout earnings, but these risks to the stock have emerged TradingNation Where is your “expert” Rod Hall from Goldman Sachs with his $165 Apple price target. Current...$327. You guys have him in hiding? Witness protection?
Source: CNBC - 🏆 12. / 72 Read more »