Published: Sat, October 27, 2018
Industry | By Dora Warner

Microsoft sales and profit beat estimates on cloud growth

Microsoft sales and profit beat estimates on cloud growth

Microsoft is in a good position to keep growing with the cloud market, Wedbush analyst Dan Ives wrote in a report this week before financial results were announced.

Microsoft was rallying Thursday, up nearly 5%, after reporting fiscal first-quarter results that topped Wall Street estimates but included a slowdown in revenue growth from its cloud-computing unit.

"We see continued demand for our cloud offerings, reflected in our commercial cloud revenue of $8.5 billion, up 47 percent year-over-year". On the back of this record quarter alone, Microsoft was able to return $6.1 billion to shareholders in the form of dividends and share purchases, which is, in itself an increase of 27% when compared to previous year.

NBC cancels Megyn Kelly’s morning show
The subject was how the "costume police" are cracking down on outfits ahead of Halloween. " Megyn Kelly Today is not returning". Kelly has parted ways with her talent agency, CAA, according to the sources, and she has hired attorney Bryan Freedman.


Overall, Microsoft's "more personal computing" segment grew 15 percent overall to $10.7 billion in revenue - the biggest of Microsoft's main three categories it tracks.

For FY19 Q1, Microsoft's Intelligent Cloud saw a 75% revenue hike for its Azure cloud, and the company's Server products/cloud services also grew by about 28%.

Money taken in by a productivity and business processes unit rose to $9.8 billion, including strong growth in cloud-based Office productivity products aimed at consumers and companies, according to Microsoft. Looking at the full year, Wall Street analysts are expecting a profit of $4.27 per share and revenue of $122.83 billion. You see that already with Minecraft going to all platforms and that increasing the intensity of the community and you'll see us do more of that. During the quarter, Microsoft returned $6.1 billion to shareholders in the form of dividends and share repurchasing.

Tiny T-Cross sees VW enter subcompact crossover battle
The 2019 Volkswagen T-Cross has finally been unveiled overnight at premiere events in Amsterdam, Shanghai and São Paulo. The Volkswagen T-Cross is 4.19m long (European-spec variant is 4.17m), has a wheelbase of 2.65m and is 1.56m high.


Nadella says the move will increase the strength of Microsoft gaming.

With all of that said, Nadella didn't give a timeframe for when Game Pass would be hitting PC.

Japan announced a "new era" in relations with Russian Federation
Which is why news of Japanese Prime Minister Shinzo Abe's upcoming visit to China is remarkable. This is the first full-scale Sino-Japanese summit since 2011.


Like this: