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Revenues increased by more than 17% to $ 30.1 billion. Analysts' expectations clearly exceeded quarterly figures. However, the market reaction was relatively limited – after initial stock market losses, the share quickly turned into positive territory, but could not make big leaps. However, the price had already risen by about 22% since the beginning of the year.
Microsoft can continue to rely on the lucrative cloud business with IT services on the Internet. In particular, Azure's burgeoning platform for businesses has once again proven to be a growth driver with an 89% sales increase. The results reflect the high level of customer confidence in Microsoft's cloud, "said CEO Satya Nadella. The Linkedin subsidiary also continued to grow and increased its revenues by 37%.
Software, especially the online version of the Office 365 desktop program, also experienced significant growth. 38 percent. Even in the clbadic PC business with the Windows business, things went surprisingly well, with sales up 17 percent to $ 10.8 billion. This business still accounts for most of the revenue, but has since become a brake pad.
During the full fiscal year, Microsoft increased its revenue by 14% to $ 110.4 billion. On the other hand, net income has plummeted from $ 25.5 billion to $ 16.6 billion as a result of the high special fees stemming from US tax reform. In contrast, adjusted operating income increased 21% to $ 35.1 billion. "We had an amazing year," said Nadella, CEO of Microsoft. The first investments in the cloud industry are now paying off, they will continue to innovate.
(APA / dpa)
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