The company reported revenue of $32.5 billion and net income of $8.4 billion, which are both sharp increases over the company's $28.9 billion in revenue and $7.5 billion net income from previous year.
Microsoft Corp's Azure cloud computing platform grew at a slower pace in the December quarter compared with a year earlier, sending shares of the software giant almost 3 per cent lower in after-hours trade on Wednesday.
However, the consumer side of Office was hit by a softening PC market and only manage to grow its revenue by a modest 1%.
Microsoft's cloud services, led by products like Azure and Office 365, have been growing in double digits as more businesses eliminate the costs of maintaining their own servers by moving their technical operations to the cloud.
Operating income was $10.3 billion and increased 18%.
Productivity group revenue was up 13 percent to $10.1 billion, with operating income up 20 percent to $4.0 billion.
Microsoft's total revenue climbed 12.3 per cent to US$32.47 billion. Although third-party revenue is down, the Surface range continues to grow with a 39 per cent increase in revenue from their flagship hardware.
In Microsoft's "More Personal Computing" category, which includes Windows, Surface, gaming, and search advertising revenue, the company saw revenues move up by seven percent to $13 billion. Specifically, computer makers can't get the parts to ship machines, dinging Windows sales.
Microsoft has long courted customers outside the United States and has a 17% share of the global cloud market, research firm Canalys previously said.
"Our strong commercial cloud results reflect our deep and growing partnerships with leading companies in every industry including retail, financial services, and healthcare", stated Satya Nadella, CEO of Microsoft.
"In Windows, the overall PC market was smaller than we expected primarily due to the timing of chip supply to our OEM partners which constrained an otherwise healthy PC ecosystem and negatively impacted both OEM Pro and Non-Pro revenue growth", Hood said in a conference call with analysts.
Cash flow also went up by 13% YoY, pushed by higher collections from customers, partially offset by higher tax and supplier payments, while the free cash flow reached $5.2 billion, experiencing a 2% YoY decrease following capital expenditures in support of Microsoft's cloud business.
She's also considering the possibility of Prince Harry and Markle welcoming twins due to Markle's huge baby bump. New episodes of Suits , now in the back half of its eighth season, air Wednesdays at 10 p.m.
They also said the massive plant that was relying on water from nearby Lake Michigan posed serious environmental risks . Wisconsin's nonpartisan Legislative Fiscal Bureau forecast the move wouldn't bring profits to the state until 2042.
The day started with stronger-than-expected results by "big hitters" such as Boeing and Apple after markets closed on Tuesday. Of course, the Fed didn't specifically say that its campaign to bring interest rates back to more normal levels was over.
The Indian economy has been expanding at a rate of over 7 per cent annually, one of the fastest in the world. To compare, the unemployment rate in the country had gone down to 2.2% in 2011-12, according to NSSO data.
The Spanish world No. 2 handed the rising star a ruthless tennis lesson 6-2, 6-4, 6-0 in just 106 minutes. From that moment I started to check all the possible stats and the stories behind the tennis players.
They also took care of the basketball, winning the turnover battle by eight, and recording seven more steals than Notre Dame . This was the Blue Devils game as soon as the ball was tossed in the air, as Duke led wire to wire to defeat Notre Dame 83-61.
U.S. media say the indictment of Stone shows that Mueller's investigation is closing in on Trump's most inner circle. In a tweet Friday, Podesta turned Stone's words against him, writing that it was now "Roger's time in the barrel".
On why he asked his coaching staff to leave, he added: 'In that moment I wanted to talk to them alone, without anybody. Sarri says his side did not play as a team after the break and they "found it hard to accept" going behind.
Japan's Nikkei: Ghosn says arrest due to plot within Nissan
He remains in detention following his arrest and indictment on charges related to breach of trust and understating his salary. The three companies which form the alliance are expected to revisit how it is operated in the absence of Ghosn's leadership.
Bomb blasts at Filipino cathedral kill at least 20
Tagle also called on all Filipinos, especially Catholics and Christians, not to abandon their commitment to peace. Initial reports from the Sulu Police District detailed that 19 people were killed and 48 others were wounded.
Krish Hits Back At Kangana's Sister
Krish has accused Ranaut of hijacking the filmmaking process even though he had been brought on as solo director. Krish claims he filmed most of the project, which Kangana later modified in to the final product.
Recent Match Report - New Zealand vs India 4th ODI 2019
There is a possibility that New Zealand include Will Young in the squad in place of Colin Munro for the remaining two matches. Jimmy Neesham and Todd Astle should play this game with the like-for-like replacement for Doug Bracewell and Ish Sodhi.
Huawei exec's extradition hearing pushed to March
Meng is out on bail in Vancouver and her case is due back in court Tuesday as she awaits extradition proceedings to begin. China detained two Canadians diplomats shortly after her arrest in an apparent attempt to pressure Canada to release her.