Analysts were looking for it to post revenue of $23.56 billion.
Microsoft (Nasdaq: MSFT) was up $3.70, 4.7 percent to $82.46 in pre-market trading Friday morning. "We have been impressed by solid execution and strong customer adoption of Microsoft's cloud applications and platforms", Bracelin wrote in the research note covered by MarketWatch. Revenue in the Productivity and Business Processes segment grew a whopping 28% to hit $8.2 billion.
For those of you not very comfortable with numbers, ARR (annualized run rate) is a projection that takes current performance (in that case, approximately $5 billion of commercial cloud revenue in FY2018 Q1) and extends it over a year to forecast future performance.
One of the biggest successes was the growth of the firm's cloud computing efforts, with reported revenues of $6.9bn, up 13 per cent year-on-year, and set to exceed $20bn in annual run rate by the end of 2018's fiscal year, a target the company set for itself just over two years ago. A higher revenue mix of premium SKUs (stock keeping units) drove this growth. Microsoft finance chief Amy Hood cited the hybrid offerings as a driver of the company's cloud growth. In addition to supporting consistency across cloud services, Microsoft's cloud services are also built on a growing infrastructure of 42 regional data centers - more than any other cloud provider, he said.
Turn in your unused, expired medications Saturday for safe disposal
Items that may be disposed of in proper provided containers include: used and unused sharps. Every day, prescription drugs are taken by a friend or family - or stolen in break-ins.
Amazon to Let Delivery Drivers Open Your Front Door
With its new Amazon Key service, Amazon is selling a future where you'll never have to leave work again to wait for a package. Once the information is confirmed, the cloud prompts the camera to begin recording and electronically unlocks the door.
'Golmaal Again' 4th day box office collection!
Today, Bollywood Analyst Taran Adarsh released the latest box office collection for the movie title " Golmaal Again ". The film got a great opening at the box office and is already inching towards the prestigious Rs. 100 crore club.
LinkedIn, which Microsoft acquired previous year, contributed revenue of $1.1bn during the quarter.
Microsoft purchased LinkedIn, the professional social network, in December for $27 billion, in part, to boost the Dynamics business.
During a conference call with financial analysts, Mr. Nadella said that Microsoft is "ahead of plan" for LinkedIn's financial contributions to the software giant's results. "Then lift, shift turns to lift, shift and modernize", Nadella said. In the quarter, Microsoft spent $2.7 billion in capital expenses, with much of that money going toward its data-center expansion. With most of the crucial products gaining compared to last year, it allowed More Personal Computing to report flat growth for the period, helping Microsoft post double-digit net revenue growth for the quarter compared to last year.
The "intelligent cloud" unit that delivers artificial intelligence to a wide range of products saw its revenues grow 14 percent to $6.9 billion in the quarter.