Microsoft achieved more revenue and profit than expected in the past quarter. Microsoft Cloud revenue alone rose 22 percent to $38.9 billion.
Group revenue rose 16 percent to $65.6 billion, about a billion dollars more than analysts’ expectations of $64.6 billion. A year earlier this was still $56.5 billion (pdf).
Microsoft’s net profit rose 11 percent to $24.7 billion, or $3.30 per share.
The focus of investors nowadays is on the developments of the Intelligent Cloud division. Intelligent Cloud revenue rose 20 percent to $24.1 billion.
At Productivity and Business Processes, the company increased by 12 percent to $28.3 billion at Productivity and Business Processes.
Xbox’s revenue increased by 61 percent due to the acquisition of Activision.
Microsoft also sold 18 percent more advertisements.
This week, Microsoft accused Google of directing anti-lobbying campaigns ‘from the shadows’. In one blog Rima Alaily, deputy general counsel, lashed out at Google.
It particularly bothers Microsoft that Google has joined the Open Cloud Coalition, an association of ten cloud providers from the EU and the United Kingdom. Alaily calls the association a “pseudo-organization” created to “conspire against Microsoft,”
Google is said to have gone to great lengths to conceal its involvement, funding and control.
In September, Google in turn complained to the EU about Microsoft’s “anti-competitive” cloud practices.
Source: www.emerce.nl
