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Microsoft passes $80 per share in after-hours trading after blow-out quarter

27 October 2017

Microsoft got 10 percent more revenue from Office commercial products and cloud services, which includes Office 365 as well as its more traditional Office software.

Windows Phone is dead, the company's fitness-focused wristband has been axed and its streaming music service is no more, and Microsoft investors couldn't be happier with the company.

Revenue rose 12 percent to $24.54 billion. At the same time, as new data centers come online and become more efficient, Microsoft has been making progress in increasing the profitability of these services, with commercial cloud gross margin widening to 57 percent.

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Shares of Microsoft Corporation (NASDAQ: MSFT) were volatile in Thursday's after-hours session, following the announcement of the company's FY2018 first-quarter financial results. Azure margins were also helped by developments in the core hardware and software, she said.

As you can see from the image above, the biggest areas of growth, in terms of percentage, are Azure, Dynamics 365, and Office 365 commercial. Microsoft did say that revenue from Xbox software did go up by 21 percent, so it seems that current owners are spending some money on the platform at least.

In Productivity and Business Processes, the 28% revenue increase (28% in constant currency) was driven by LinkedIn and Office 365.

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Windows consumer revenue increased by 4 percent, which is ahead of the overall personal computer market. The segment declined earlier in 2017 owing to aging Surface Pro products that consumers shunned.

Looking at Microsoft's past year, the company pushed heavily on its cloud business, including Microsoft Azure - which saw a revenue rise of 97 percent year-over-year last quarter. Both devices went on sale June 15. Industrywide, global PC shipments fell 3.6 percent in the period, according to Gartner Inc.

Revenue from Windows, gaming, and other PC businesses was flat overall this quarter, at $9.4 billion.

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The technology company, based in Redmond, Washington, reported net income of US$6.58 billion, or 84 cents per share, up from US$5.67 billion, or 72 cents per share, a year earlier. Analysts had estimated $8 billion.

Microsoft passes $80 per share in after-hours trading after blow-out quarter