Cloud, Office growth helps Microsoft log $36.8bn in revenue

Microsoft Earnings: What to Look For

Azure, the company's unit supplying cloud-based computer processing and storage, grew by 93 percent compared with the same quarter a year ago.

Microsoft shares were down a fraction in after-hours trading on the stock market today.

"Our results this quarter reflect the trust people and organisations are placing in the Microsoft Cloud", he said. At LinkedIn, revenues climbed 37 percent.

The company notched wins across the board. Windows commercial products and cloud services increased by 21% (17% CC), and that's from a greater volume of products that "carry higher in-quarter revenue recognition".

The Surface numbers are notable because it's perhaps the first indication that its hardware successes aren't necessarily limited to the Xbox (insert Zune joke here).

Microsoft Chief Financial Officer Amy Hood said the company will continue to increase spending as long as customer demand for cloud services rises. But you didn't hear much about mobile devices or website hosting on Thursday's earnings call.

Microsoft's Productivity and Business group, which sells the Office productivity suite of Word and Excel, the online version, Office 365, and other things, saw revenue rise 17% to $9 billion.

There were 30.6 million Office 365 consumer subscribers in the quarter, up sequentially from 29.2 million. Office 365 commercial products and cloud services revenue grew 12% with Office 365 commercial revenue up 40%.

"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.

"We delivered double-digit revenue and operating income growth driven by 58% growth in our commercial cloud revenue".



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