Economy

Cloud, Office growth helps Microsoft log $36.8bn in revenue

Cloud, Office growth helps Microsoft log $36.8bn in revenue

In the same period previous year the company reported EPS of $0.70 on revenues of $23.2 billion. But you didn't hear much about mobile devices or website hosting on Thursday's earnings call.

Microsoft returned $6.3 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2018, a year-over-year increase of 37%.

Earnings per share of $0.95 were up 36 per cent from the year-ago quarter and ahead of the $0.85 estimate given by analysts.

In terms of the More Personal Computing category, which encompasses Windows OEM revenue, Surface, gaming and more, things were on the up as well.

Microsoft is riding a wave of demand for its Azure cloud services, which let customers run and store applications in the company's data centers. Originally, over a year-over-year basis Xbox monthly gamers have gone from 52 million to 59 million, showing that huge 13-percent increase.

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Amazon is several times bigger than Redmond, Washington-based Microsoft in the cloud-infrastructure market, but doesn't focus on the work productivity-apps space.

"We think folding Windows into the new Experiences and Devices division, which is led by a former Office executive, sends a strong signal of the supporting, and not leading, role Windows will likely take in coming years, and we like the continued emphasis on hybrid cloud and [artificial intelligence]", Stifel analysts led by Brad Reback wrote in a Sunday note.

Shares traded up about 0.3% at $94.50 in after-hours trading. The total amount of Office 365 commercial monthly active users (not paid subscribers, for some reason) is over 135 million.

Microsoft's Office 365, an online-productivity service for businesses, is also expected to continue to propel growth at the old-guard tech titan. Server products and cloud services revenue went up 20 percent, itself driven by Azure, where revenues surged 93 percent. Office 365 commercial products and cloud services revenue grew 12% with Office 365 commercial revenue up 40%.

Capital expenditures were $3.5 billion in the quarter.


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