Microsoft posted quarterly outcomes as we speak that had been nicely forward of analysts’ expectations, but Azure’s growth rate continues to decline because it competes with AWS.
The firm’s income for the first quarter of the fiscal yr rose 14% year-over-year to $33.1 billion. Net revenue elevated 21% to $10.7 billion, or $1.38 per share.
Revenue from Microsoft’s Productivity and Business Processes section, which incorporates its Office merchandise and LinkedIn, grew 13% to $11.1 billion. LinkedIn’s income elevated by 25%.
Meanwhile, its Intelligent Cloud section’s income elevated 27% to $10.eight billion, with income from server merchandise and cloud providers rising 30%. The firm stated Azure’s income grew by 59%, but that represents a decline in growth rate that started a yr in the past, when Azure clocked quarterly growth of 76%. The rate has fallen extra since then, with as we speak’s report representing a drop from the 64% growth reported within the earlier quarter.
Revenue from Microsoft’s private computing section grew 4% to $11.1 billion.
The firm stated it expects second-quarter income to be within the vary of $35.15 billion to $35.95 billion.