Microsoft's Xbox division earned $2.251 billion last quarter

Image Credit Microsoft

Image Credit Microsoft

For the quarter ending March 31, 2018 the tech ringer from Redmond saw its revenue increase to $26.8 billion (up 16%), with operating income up 23% to $8.3 billion. Net income rose to $7.42 billion, or 95 cents per share, from $5.49 billion or 70 cents per share, in the year-ago quarter.

Shares traded up about 0.3% at $94.50 in after-hours trading.

This quarter's earnings are boosted largely by growth in Microsoft's cloud and commercial services, as has become a trend over the past several quarters.

"Our results this quarter reflect the trust people and organizations are placing in the Microsoft Cloud,"Nadella said. We are innovating across key growth categories of infrastructure, AI, productivity and business applications to deliver differentiated value to customers", Microsoft CEO Satya Nadella said in a statement late Thursday". LinkedIn even saw quite a surge, showing a 37 eprcent increase in revenue.

The company notched wins across the board.

Microsoft's chief financial officer Amy Hood said the company had beaten expectations for the quarter. "Productivity and Business" sells the Office productivity suite and other software programs while "More Intelligent Computing" includes Windows PC license revenue and the Xbox gaming franchise.

Microsoft's Dynamics 365 revenue increased 65 percent, while LinkedIn revenue grew 37 percent, and Surface revenue rose 32 percent. The total amount of Office 365 commercial monthly active users (not paid subscribers, for some reason) is over 135 million. Including contributions from cloud-based versions of its Office productivity software and online gaming subscriptions, recurring revenue streams now account for about 30 percent of Microsoft's sales, said Michael Nemeroff, an analyst at Credit Suisse. Revenues at office commercial products and cloud services revenue increased 14 percent, driven by Office commercial revenue growth of 42 percent.

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