Friday, 19 October, 2018

Microsoft tops estimates in quarterly results as cloud revenue surges

Microsoft Beats Estimates on Cloud Services Gaming and Software Growth Microsoft tops estimates in quarterly results as cloud revenue surges
Lindsey Cook | 21 July, 2018, 11:44

Microsoft today announced FY18 Q4 earnings results with a revenue of $30.1 billion and operating income of $10.4 billion.

Microsoft finished Q4 2018 with over $30 billion United States dollars in revenue, a 17% increase, in part due to cloud services and gaming growth, according to the company's earnings release on Thursday. Microsoft's Surface business also saw significant growth for the quarter, posting a 25 percent gain over the same time past year. Interestingly, Microsoft's More Personal Computing business was up 17% year-over-year, raking in $10.8 billion, and showing that Microsoft still relies on the segment for its overall revenue. Let's dive in and examine how each performed. Alex Zukin, an analyst at Piper Jaffray, told the Associated Press that the "threat of Amazon" would work in Microsoft's favor as e-commerce companies seek a cloud computing platform that is not run by a competitor. While cloud adoption is growing-Azure revenue was up 89 percent-perpetual-license revenue was also up by 8 percent, showing continued demand for on-premises systems.

Our commercial cloud business surpassed more than $23 billion in revenue for the year with gross margin expanding to 57%. The hit from the ongoing migration to cloud subscriptions continues; perpetually licensed commercial Office revenue was down 19 percent. "I don't see anything that should raise an eyebrow of concern", said Daniel Morgan, a portfolio manager at Synovus Trust who holds 418,716 Microsoft shares. Analysts noted that AWS did enjoy a healthy head start but that Azure is enjoying faster growth rates at this point versus AWS.

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"We expanded our global data centre footprint to 54 regions, more than any other cloud provider". Windows and Office remain strong product lines but are much more mature with limited growth potential. The company cited record levels of job postings and LinkedIn sessions, 41% gain over a year prior. Office 365 commercial revenue grew 38 percent.

The MPC group grew 17% to $10.81 billion, making them still the largest division of the Redmond, WA-based giant. for the time being. Windows OEM Pro revenue grew by 14% (14% CC), and non-Pro declined 3% (3% CC). It was up 23 percent YoY to $9.6 billion for the quarter, and reached $32.2 billion for the year, marking a 15 percent increase.

Net income rose to $8.87 billion, or $1.14 per share, from $8.07 billion, or $1.03 per share, in the year-ago fourth quarter.

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