the Company had a profit of 76 cents per share in the end of the fiscal first quarter, which according to CNBC is 8 cents better than expected.
Wall Street takes a well received news. Microsoft stock has risen by four per cent in etterhandelen.
Skysuksess
It is particularly Microsoft’s cloud product Azure which makes it strong. The profit on Azure has risen by 116 per cent. The total turnover of the product was 6,38 billion dollars.
– the Results from the first quarter continues to show demand for our cloud-based services, ” says Amy Hood, senior vice president of Microsoft.
the Company recently launched a partnership with Adobe which means that Adobe will choose Azure as its preferred skyplattform, writes CNBC.
Microsoft’s PC business overall has struggled, but now appears to go better. In the previous quarter fell PC business with four per cent, which was also far better than expected.
Believe in growth
Analyst Frederick Grieb has faith in Microsoft moving forward.
– We are positive to the stock. We believe that the transition to Office 365 go better than the plan, and the decline of Windows will probably be moderate in the year. The company will also continue to deliver when it comes to operating costs, ” he says to Marketwatch.
Total had Microsoft 22,33 billion dollars in revenue this quarter. Wall Street expected that the turnover would be 21,71 billion dollars.
Microsoft itself is, of course, very satisfied with both the result and the products they deliver.
We help our customers to lead the way in a fundamental digital transformation, ” says Satya Nadella, ceo of Microsoft, in a press release.
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