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Microsoft has announced its latest financial results for the first quarter of fiscal year 2019. The company begins its fiscal year-end at the end of last year and not as most companies begin their first quarter at the beginning of each fiscal year . The company posted record profits this quarter.
The company generated revenues of $ 29.1 billion, with net earnings of $ 8.8 billion, up 19% and 34% respectively. This increase is mainly due to the expansion of cloud services and users of the company, the increase in sales of Surface devices and a growing market.
Surface sector revenues jumped 14% from the same period last year, reaching $ 1.1 billion, while Windows profits increased 12%, thanks to the company's new hardware and licenses granted by Microsoft to other companies to provide the system on their devices.
The gaming division increased its revenues by 44%, thanks to the timing of their launch, with Xbox devices and parts boosting their revenues to 94%. Systems and services revenues increased by 36% and 57 million gaming users contributed to higher revenues.
In terms of cloud services, it increased 76% over the first quarter of the previous year, contributing 8.6% to revenue and up 24%.
The company saw an increase in the use of its products in general, which contributed to the increase in revenue from the rest of the services, such as Office 365 by 36%, Office products by 16%, Dynamic 365 by 51%. % and the LinkedIn network of 33%.
Microsoft may have posted record profits in the first quarter, but is expected to set a new record in the next quarter thanks to the expansion of its cloud services and strategic partnership, as well as to the launch. new Surface devices.
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