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Microsoft's tech giant has surpbaded badysts' expectations for fourth-quarter profits and profits, writes Reuters. The company posted revenues of just over $ 30 billion, up 17.5 percent year-over-year, while net profit went from $ 8 billion to $ 8.87 billion. Last year.
are cloud computing services. The product of the company in this area – Microsoft Azure, increases its earnings by 89% for the quarter compared to the previous year. Together with other major cloud players such as Amazon and Google, Microsoft is strengthening its strong performance in the industry, valued at billions of dollars in the near future. Most companies are focusing more and more on cloud services to save on data and software costs
"The combination of a cloud service trend that will last for years, and the good work of the cloud Company show that Microsoft knows how to sell and innovate. It's hard to argue with what we see, "commented Tom Tawley of InvestorPlace.com.
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Microsoft stock rose 4% after the news of the results. Since Satya Nadela has been leading the company since 2014, they have grown 180% in total and Microsoft's market capitalization has surpbaded the $ 800 billion mark for the first time in July.
Nadela has changed the focus of the company in This is no longer only the Windows operating system, but also the other type of software developed by the company – including Azure and Office Office 365. The Office 365 business figure increased by 13% in the last quarter, with a 37% jump in the LinkedIn social network purchased by the giant in 2016
and 16 % of global market for cloud services, which ranks second worldwide after Amazon, according to Cbadys. "This was another great quarter for Microsoft, mainly because of the vision of the successful Offshoot Cloud Service," said Daniel Ives of GBH Insights
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