27 April, 2018
Revenue in the company's More Personal Computing division, which includes its Windows PC business, Surface products and gaming teams rose 13 percent $9.9 billion for the quarter.
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%.
Revenue was $26.8 billion and increased 16%.
Net income was $7.4 billion and increased 35%. Azure alone grew revenues by 93 per cent, which is a little down from the 98 per cent figure in the previous quarter.
"We delivered double-digit revenue and operating income growth driven by 58% growth in our commercial cloud revenue".
Tesla kicked out of probe into fatal Model X crash
In a post to its website, Tesla said that this missing barrier contributed to worsening the impact of the crash in a blog post . Musk in a phone call last evening and via a letter today", NTSB Chairman Robert Sumwalt said in the statement.
Manchester City boss Guardiola aiming to smash records following title triumph
Asked about the potential for disciplinary action, he said: "No problem". "Football is an emotional game", he said. While I am disappointed for him, missing out this year will only spur him on to be even better next season.
Trump considering 'full pardon' for Jack Johnson after Stallone call
Campaigns for posthumous pardons have been in motion since the turn of the century, but have not found much success. Trump said he received a phone call from Rocky actor Sylvester Stallone , who told him about Johnson's life story.
LinkedIn revenues of $1.33bn were up 37 per cent from $976m previous year.
"Microsoft on the heels of Azure is gaining further steam in this massive secular cloud shift, and the results speak to that", said Daniel Ives at research firm GBH Insights.
Microsoft recently shook up its top ranks that highlights its cloud services and de-emphasizes the Windows business that was its bread and butter for years. The company now claims 30.6 million subscribers to its Office 365 Consumer subscription base.
"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.
In the company's Productivity and Business Processes division, which includes Office 365, revenue rose 17 percent over a year ago to $9 billion but was almost flat compared to last quarter. Instead, it's only saying that previous year was low due to product end-of-life. Analysts expected Microsoft to earn 85 cents a share on sales of $25.71 billion, according to Zacks Investment Research. Gaming revenue grew 16^ driven by the Xbox and third party title strength.
