Friday, 24 November, 2017

Microsoft FY18 Q1 earnings: Surface and Windows up; phone still immaterial

Investor Eyes On Microsoft Corp. Stock Today as More Good Cloud News Seen Source Johannes Marliem Via Flickr
Delores Daniels | 27 October, 2017, 00:52

Revenue from Azure, which competes with Amazon.com's Amazon Web Services and offerings from Alphabet's Google, IBM and Oracle, grew 90 per cent compared to a 97 per cent growth rate in the preceding quarter.

Microsoft has also maintained its $600 billion market cap, closing today at $607.67 billion.

On average, 25 analysts polled by Thomson Reuters expected earnings of $0.72 per share for the quarter. Office consumer products and cloud revenues rose 12%, while Dynamics products and cloud revenues rose 13%, including a 69% increase in Dynamics 365 revenue.

Productivity and Business Processes: Revenue was up 28% on the year in constant currency to $8.2B.

Under Satya Nadella, Microsoft has been transforming itself and focusing more on cloud-based services as PC shipments continue to drop. A weaker point in the quarter was gaming revenue, which slipped 1%, ahead of the launch of the Xbox One X on Nov.7.

Microsoft hit a new milestone in its cloud services business this quarter: it's now able to project over $20 billion in annual revenue. Although enterprise services revenue increased by 1 percent with growth in Premier Support Services offset by declines in custom support agreements.

For the More Personal Computing segment, Microsoft reported $9.4 billion in revenue...

MPC (more personal computing) segment derives the majority of its revenues from the PC (personal computing) market. LinkedIn revenue of $1.1 billion for the quarter was flat sequentially. In advertising, Microsoft reported a 15 percent revenue increase - excluding traffic acquisition costs - which the report says is driven by higher revenue per search and search volume. Notably, Surface sales has gone up for the first time in a long while.

Microsoft said its commercial cloud annualised revenue run rate reached US$20.4 billion in the quarter. Credit Suisse analysts Michael Nemeroff, Alexander Hu and Christopher Rochester weighed in with a statement showing expectations of strength in its commercial cloud business. Microsoft doesn't break out revenue for its Windows business.

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