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Microsoft Results FY18 Q1. Revenue $24.5bn. Net Income $6.6bn

Forums - Microsoft Discussion - Microsoft Results FY18 Q1. Revenue $24.5bn. Net Income $6.6bn

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REDMOND, Wash. — October 26, 2017 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2017:

·        Revenue was $24.5 billion and increased 12%

·        Operating income was $7.7 billion and increased 15%

·        Net income was $6.6 billion and increased 16%

·        Diluted earnings per share was $0.84 and increased 17%

“This quarter we exceeded $20 billion in commercial cloud ARR, outpacing the goal we set just over two years ago,” said Satya Nadella, chief executive officer at Microsoft. “Our results reflect accelerating innovation and increased usage and engagement across our businesses as customers continue to choose Microsoft to help them transform.”

Microsoft returned $4.8 billion to shareholders in the form of share repurchases and dividends in the first quarter of fiscal year 2018. During the quarter, the company announced an 8% increase in its quarterly dividend to $0.42 per share.

“Our strong start to the fiscal year reflects the impact of our continued investment in product innovation and sales capacity to capture expanding market opportunities,” said Amy Hood, executive vice president and chief financial officer at Microsoft.

Revenue in Productivity and Business Processes was $8.2 billion and increased 28% (up 28% in constant currency), with the following business highlights:

·        Office commercial products and cloud services revenue increased 10% (up 10% in constant currency) driven by Office 365 commercial revenue growth of 42% (up 42% in constant currency)

·        Office consumer products and cloud services revenue increased 12% (up 10% in constant currency) and Office 365 consumer subscribers increased to 28.0 million

·        Dynamics products and cloud services revenue increased 13% (up 12% in constant currency) driven by Dynamics 365 revenue growth of 69% (up 69% in constant currency)

·        LinkedIn contributed revenue of $1.1 billion during the quarter

Revenue in Intelligent Cloud was $6.9 billion and increased 14% (up 13% in constant currency), with the following business highlights:

·        Server products and cloud services revenue increased 17% (up 17% in constant currency) driven by Azure revenue growth of 90% (up 89% in constant currency)

·        Enterprise Services revenue increased 1% (0% in constant currency) with growth in Premier Support Services offset by declines in custom support agreements

Revenue in More Personal Computing was $9.4 billion and relatively unchanged (down 1% in constant currency), with the following business highlights:

·        Windows OEM revenue increased 4% (up 4% in constant currency), ahead of the overall PC market

·        Windows commercial products and cloud services revenue increased 7% (up 6% in constant currency) driven by annuity revenue growth

·        Search advertising revenue excluding traffic acquisition costs increased 15% (up 15% in constant currency) driven by higher revenue per search and search volume

·        Surface revenue increased 12% (up 11% in constant currency) driven by sales of the new Surface Laptop

·        Gaming revenue increased 1% (0% in constant currency) with Xbox software and services revenue growth of 21% (up 20% in constant currency) offset by lower hardware revenue



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Analysts estimates smashed:


Shares of Microsoft were flat in extended-hours trading on Thursday after the technology giant reported stronger-than-expected fiscal first-quarter financial results.

For the quarter, the Xbox manufacturer posted adjusted earnings of 84 cents per share on revenue of $24.5 billion. Analysts polled by FactSet were projecting adjusted earnings of 72 cents per share on revenue of $23.52 billion.

For the same period a year ago, Microsoft reported adjusted earnings of 76 cents per share on revenue of $22.33 billion.

"This quarter we exceeded $20 billion in commercial cloud ARR, outpacing the goal we set just over two years ago," said Satya Nadella, chief executive officer at Microsoft. "Our results reflect accelerating innovation and increased usage and engagement across our businesses as customers continue to choose Microsoft to help them transform."

Microsoft will provide forward-looking guidance in connection with the quarterly earnings announcement on its earnings conference call. 

Shares of Microsoft have gained over 27% coming into the report.



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Link: Shipment History Since 1995


So I take it software is up enough that it covered the decrease in hardware?



Love the product, not the company. They love your money, not you.

-TheRealMafoo

Goddbless said:
So I take it software is up enough that it covered the decrease in hardware?

LIVE and software, yes.



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Link: Shipment History Since 1995


huge profits, as always



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Goddbless said:
So I take it software is up enough that it covered the decrease in hardware?

including services yes.



7 Billion in just one quarter. Dang....



Great numbers, seems that it was a fantastic quarter for many tech companies.



As long as Xbox One is making money on service and software, X1 won't be going anywhere.



Proud to be a Californian.

These numbers good? I'm not a business guy...

I demand you spoon-feed me!