Microsoft's' fourth quarter beats analyst projections by $1 billion

21 Juillet, 2019, 02:30 | Auteur: Auguste Feret
  • Nadella_Donovan

Microsoft Corp estimates for fourth-quarter profit and revenue, pushed by continued sales growth from its cloud business and sending its shares to all-time highs.

As of now Microsoft is the biggest tech company in the world if you go by its $1.04 trillion valuation.

The commitment to consoles by longtime contenders in the market comes with the rise of video games hosted as subscription services streamed Netflix-style from data centers in the internet cloud, which plays to Microsoft's cloud and Xbox strengths.

Overall, it was a strong quarter for Microsoft and their earnings growth has pushed their stock higher.

The key to Microsoft's success was its strong cloud growth, which has been the company's primary focus since Chief Executive Officer Satya Nadella (pictured) took the top job in 2014.

While all areas of Microsoft's business were up this quarter, the main question leading up to the release was how well its cloud division would perform.

Microsoft also reported a 39 percent increase in commercial cloud revenue, to $11 billion. Alphabet Inc.'s Google and China's biggest tech companies are vying for their share. Eleven analysts surveyed by Zacks expected $32.7 billion.

Azure revenue grew by 64%, with Microsoft's entire Intelligent Cloud business bringing in $11.4 billion in revenue, seeing a 19% increase.

The deal is not exclusive, with AT&T free to utilise other cloud providers alongside Azure - a point it highlighted with a seperate deal with IBM yesterday that will involve cloud migration.

Pro-Trump Zhu Booted From Beauty Pageant Over Hijab Tweet
Kathy Zhu , 20, is a University of Michigan student who won the 2019 Michigan World America title on Sunday. Zhu told the News she went to DeJack's house following the exchange to drop off her crown and sash.

What happened next to ‘Game of Thrones’ characters? The cast explain
Hill confirmed that, yes, Varys did try to poison Daenerys in his final episode because he knew what was coming. In fact, there was quite a laundry list of common defenses against the disappointment of the final season.

Thiago Motta dévoile ses ambitions et tacle Thomas Tuchel et Maxwell — PSG
De lui, Laurent Blanc, l'ancien coach des Rouges et Bleus, disait qu'il était l'ADN, le dépositaire du jeu du Paris Saint-Germain. Mon envie, aujourd'hui, c'est de faire douter Nasser pour qu'il me voie comme un candidat pour entraîner l'équipe première.

It also said revenue for professional social network LinkedIn, which Microsoft acquired in 2016, jumped by 25%.

Microsoft continues to please its investors as it recorded increases in cloud, Surface and Windows revenues in its latest financials, but xBox sales disappoint.

Microsoft has reported the financial results for the quarter ended June 30, 2019, revealing that the performance in this fourth quarter helped it achieve a record fiscal year. Revenue generated by Office Commercial products, however, declined by 17% as more customers are switching to the cloud-based services.

Surface revenue has grown by 14%, totalling $1.3 billion.

In an expansion of their existing partnership, Microsoft and AT&T Communications announced a multiyear deal via which AT&T will be moving "much" of its workforce to Microsoft 365, its bundle of Windows 10, Office 365 and Enterprise Mobility + Security.

Mike Spencer, head of investor relations at Microsoft, said Windows results were fueled by customers upgrading from Windows 7, which will be retired next year, and the result of some PC customers stockpiling inventory in anticipation of possible tariffs.

"Microsoft needs to keep investing in its products to maintain the momentum", Mueller said.

Microsoft's legacy software and videogame business is flourishing.



Star Trek: Lower Decks Voice Cast and Characters Unveiled
Why yes! Ahead of its Comic-Con debut, CBS All Access premiered the poster featuring Picard with his dog. Jerry O'Connell, who moderated the panel, also has a voice role in the series.

Three GoT stars nominate themselves for Emmys
While this last season of Game of Thrones disappointed many fans, the series overall has a 9.4 rating on IMDb. Oftentimes, these actors will submit themselves to the Emmys for consideration.

Melbourne prolonge avec la Formule 1 jusqu'en 2025 — Officiel
La semaine dernière, Silverstone a signé un contrat de cinq ans avec le Grand Prix d'Angleterre au moins jusqu'à la fin de 2024. Ce sera encore le cas en 2020 puisqu'il ouvrira la saison le 15 mars.

How to watch Manny Pacquiao vs. Keith Thurman
Julio Cesar Chavez doing broadcast duties for Pacquiao-Thurman fight week. Thurman is undefeated in his career, 29-0-0, with 22 knockouts.

Alerte à la récession en cas de Brexit sans accord — Royaume-Uni
La livre sterling chuterait en outre de 10% immédiatement après le départ britannique de l'UE le 31 octobre, selon ce scénario. Les prévisions de l'OBR s'appuient sur un scénario de "no-deal doux".

Emmy Awards : Record de nominations pour Game of Thrones
Quatre actrices de la série de HBO sont notamment nommées pour le meilleur second rôle féminin dans une série dramatique , sur six personnes.

Amazon has already renewed The Boys for a second season
The second clip revealed a conversation between a poor, beleaguered Hughie and his dad, who happens to be played by Simon Pegg . 'If you're here with your kids, you're a bad person, ' she joked with the crowd.

Winning Matches Not Top Pre-Season Priority, Leeds United Attacker Feels
Bielsa's side will complete their pre-season preparations with a trip to Italian Serie A club Cagliari on Saturday, 27 July. Teen midfielder Mateusz Bogusz scored from the edge of the box in the ninth minute to give Leeds the early lead.

Mnuchin Says U.S., Chinese Call Could Lead to In-Person Talks
The Wall Street Journal first reported on Mnuchin's outreach, and the Treasury Department issued a strong denial of the account. USA government data published on Thursday showed China last week made its largest purchase of US sorghum since April.

Leaders remember Sheila Dikshit | Narendra Modi, Rahul Gandhi & Ramnath Govind | NewsX
Here is a timeline of the political career of the late Delhi CM. "Deeply saddened by the demise of Sheila Dikshit Ji ". Sheila staged a big comeback in 1985 when Rajiv Gandhi chose her as Minister of State in the Prime Minister's office.