Literally every segment of Microsoft's business increased revenue this quarter.
Microsoft continues to rake in huge money from its enterprise-focused “intelligent cloud” offering, of which Azure is a major factor. Indeed, server products and cloud services led to a 24 percent increase in Microsoft’s intelligent cloud segment; total revenues for intelligent cloud were $8.6 billion. Azure revenue in particular increased 76 percent.
Every quarter Microsoft delivers hundreds of products, either as new releases, services, or enhancements to current products and services. These releases are a result of significant research and development investments, made over multiple years, designed to help customers be more productive and secure and to deliver differentiated value across the cloud and the edge.
Microsoft Corp. today announced the following results for the quarter ended September 30, 2018, as compared to the corresponding period of last fiscal year:
- Revenue was $29.1 billion and increased 19%
- Operating income was $10.0 billion and increased 29%
- Net income was $8.8 billion and increased 34%
- Diluted earnings per share was $1.14 and increased 36%
“We are off to a great start in fiscal 2019, a result of our innovation and the trust customers are placing in us to power their digital transformation,” said Satya Nadella, chief executive officer of Microsoft. “We’re excited to help our customers build the digital capability they need to thrive and grow, with a business model that is fundamentally aligned to their success.”