News

Microsoft doubles profit thanks to growth in cloud services

Microsoft doubles profit thanks to growth in cloud services

Photo: AFP

Microsoft achieved in the second quarter of this year, mer than twice as much profit as a year ago, driven by the good performance of its cloud services.

In the second quarter of this year, Microsoft a profit of 6.5 billion dollar (5,59 billion dollars), the company informs in its quarterly results.

More than a doubling of the profit of 3.1 billion dollars in the same three months last year were listed. Revenue fell to 23.3 billion dollars (20 billion euros), 13 percent higher than a year ago.

“Innovation of our cloudplatforms have the strong results this quarter driven,” says Microsoft CEO Satya Nadella. The company saw a growth in sales of its cloud services.

This function is not available with your current settings. Click here to change it.
Cloud services

The branch Intelligent Cloud, where cloud-based Azure belongs to, recorded a turnover of 7.4 billion, a growth of 11 percent compared to last year. By more in to the cloud, Microsoft hopes the falling income due to a shrinking market for pc’s to catch.

Microsoft reports in its numbers that there are 27 million consumers to have a subscription to Office 365. The 2016 acquired business social network LinkedIn made a profit of $ 1.1 billion.

Also, a tax benefit provided a higher profit than stock market analysts had expected. For the upcoming reorganization in which thousands of workers are being dismissed, Microsoft has 306 million dollars put aside.

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular