Microsofts earnings exceeded expectations: cloud computing business grew rapidly after 3%

category:Internet
 Microsofts earnings exceeded expectations: cloud computing business grew rapidly after 3%


NetEase technology news April 27th, according to Reuters reports, Microsoft announced today as of March 31st fiscal year 2018 fiscal year third quarter earnings. The earnings report showed that Microsofts third quarter earnings exceeded Wall Street analysts expectations because more companies became customers of the companys Azure cloud computing services and Office365 office suites. As more and more enterprises use cloud based software and transfer their applications to data centers to reduce the cost of data storage, cloud computing has become the main driving force for Microsofts recent growth. Microsofts flagship cloud product, Azure, is competing fiercely with the Amazons dominant cloud computing service, AWS (AmazonWebServices), whose revenue rose by 93% in the third quarter of March 31st. Daniel Ives (DanielIves), an analyst at GBHInsights, a market research firm, said: in the process of large-scale and long-term Xiang Yun computing migration, Azure made Microsoft further gain momentum, and the third quarter earnings proved this. In February, Canalys, a market research firm, estimated that the 15 billion 600 million - dollar cloud market benefited from the growth of Azure. Microsoft ranked second in the market with 14% of the market, second only to the 32% share Amazon. Microsofts share price has risen nearly 40% in the past year. On Thursdays regular trading on Nasdaq, the companys share price was $94.26, up 2.1% from the previous trading day. In the after hours trading, the companys share price rose 3.4% to $97.5 as of the deadline. In the third quarter, Microsoft productivity and business process departments, including Office365, had revenue of $9 billion, up 17% from a year earlier, more than an average of $8 billion 730 million for analysts surveyed by Thomson Reuters. Microsoft personal computing revenue in the third quarter was $9 billion 900 million, an increase of 13% over the same period, of which Surface business grew 32% over the same period last year. Christine Chester, senior financial manager at Microsofts Investor Relations Department, said the third quarter results were better than expected in the third quarter, thanks to the companys evolving portfolio. Rebecca Weightman (RebeccaWettemann), an analyst at NucleasResearch, a market research firm, says Microsoft refocuses on its own projects and caters to productivity - oriented users with the advantages of both tablet and personal computers. The apple is still catching up on this trend. Overall, Microsofts revenue in the third quarter was $26 billion 820 million, an increase of 16% over the same period last year, higher than analysts average forecast of $25 billion 770 million. In the third quarter, Microsofts net profit of $7 billion 420 million and diluted earnings per share were $0.95, compared with a net profit of $5 billion 490 million in the same period last year and $0.7 per share after a dilution. Analysts had expected earnings per share in the third quarter of to be $0.85. (Liu Chun) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 Rebecca Weightman (RebeccaWettemann), an analyst at NucleasResearch, a market research firm, says Microsoft refocuses on its own projects and caters to productivity - oriented users with the advantages of both tablet and personal computers. The apple is still catching up on this trend. Overall, Microsofts revenue in the third quarter was $26 billion 820 million, an increase of 16% over the same period last year, higher than analysts average forecast of $25 billion 770 million. In the third quarter, Microsofts net profit of $7 billion 420 million and diluted earnings per share were $0.95, compared with a net profit of $5 billion 490 million in the same period last year and $0.7 per share after a dilution. Analysts had expected earnings per share in the third quarter of to be $0.85. (Liu Chun)