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Microsoft publishes impressive results, with the cloud as a driving force
In a word, the company founded by Bill Gates is doing well, very well indeed.
The music is well known, at the end of each quarter, companies listed on the stock exchange publish their financial results. Among the many companies in the sector, there is one that we at Drivers Cloud are keeping a close eye on, and that is of course Microsoft. Remarkably led by Satya Nadella for eight years now, the American technology giant has once again announced figures that make you dizzy, starting with a turnover of 49.4 billion dollars (about 46.8 billion euros), up 18% compared to the same period last year.
Of course, the remarkable figures do not stop there and we are also talking about an operating profit of 16.7 billion dollars (about 15.8 billion euros). Yes, we are talking about the operating result for the first quarter of the year alone!
Not surprisingly, it is of course the cloud activities that have boosted Microsoft's growth and the Azure division has generated a revenue of $ 19 billion (about 18 billion euros) signing an impressive increase of 26% over one year. However, this would not have been enough to make investors happy if the group's other sectors had failed, but as Microsoft's share price rose by 7% after the publication of the results, it is clear that the group's other sectors of activity have also done very well.
For example, the LinkedIn service - a mainly professional social network - saw its revenues grow by 34%, while Dynamics products and related cloud services gained 22%. The Office Commercial division is obviously not outdone, with an increase in revenue of around 12%, thanks in particular to Office 365 (+17%). Windows itself is not doing badly either, with OEM revenues up 11%. On the other hand, there was a small downside, with an increase that was certainly much more modest for the vast Xbox division. Indeed, Xbox content and services only grew by 4% over the year. This increase is mainly due to the sale of Game Pass subscriptions, a service that now has over 25 million subscribers.