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
Wells Fargo Fires Head of Consumer Lending
In a sign of just how.
Berkshire Hathaway Adds Again to Apple Stake, Trims IBM
In a new 13-F filings with.
Senators Seek to Ease Financial Regulations
Since post-financial crisis regulations were put.
General Electric Refocuses in the Wake of Investor Dissapointment
In May of 1896 the Wall Street.
A Disgraced Harvey Weinstein and a Business Empire in Tatters
It was only a brief time.
Under the Hood of Berkshire Hathaway’s Pilot/Flying J Purchase
Berkshire Hathaway announced last week that.
GE Sells Industrial Solutions Business as New CEO Marks New Direction
General Electric announced that it reached.
Disney’s New Streaming Service Requires Patience From Investors
Disney has decided to take its.
Tronc Picks Up New York Daily News
Mort Zuckerman’s twenty-five-year ownership of the.
Gilead Finally Pulls Trigger on Acquisition
Working through growth concerns, biotechnology company.