The beat rolls on for Satya Nadella since he took over Microsoft and accelerated its move into cloud computing. Sales rose 8% and earnings per share increased by 30% in the first quarter.
Business lines were strong across the board, but particularly so in the cloud products that Microsoft is offering its customer base. Office 365 revenues increased by 45% and Dynamics 365, software for small and medium sized enterprises increased by 81%.
Microsoft is the second largest cloud provider with 11% of the market, but badly trails the leader Amazon whose market share is 40%. Nadella has made the move into the cloud the focus of the company. As consumers move away from device centric offerings, cloud offerings are expected to continue their strong growth.
more recommended stories
Liberty Media Eyeing Univision
The rise of Spanish language media in.
IBM’s Revenue Declines for Twenty-First Consecutive Quarter
IBM once again underwhelmed its investors.
United Airlines Posts Improved Results, Guides Unit Passenger Revenue Lower
Shares of United Continental Holdings declined.
Discovery and Scripps Contemplate Tie-Up
As the cable television industry battles declining.