Microsoft reports a strong fiscal first quarter, but Azure’s growth rate continues to decline

TechCrunch | 10/23/2019 | Staff
mel4mel4 (Posted by) Level 4
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Microsoft posted quarterly results today that were well ahead of analysts’ expectations, but Azure’s growth rate continues to decline as it competes with AWS.

The company’s revenue for the first quarter of the fiscal year rose 14% year-over-year to $33.1 billion. Net income increased 21% to $10.7 billion, or $1.38 per share.

Revenue - Microsoft - Productivity - Business - Processes

Revenue from Microsoft’s Productivity and Business Processes segment, which includes its Office products and LinkedIn, grew 13% to $11.1 billion. LinkedIn’s revenue increased by 25%.

Meanwhile, its Intelligent Cloud segment’s revenue increased 27% to $10.8 billion, with...
(Excerpt) Read more at: TechCrunch
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