https://www.xperience-group.com/news-item/microsoft-cloud-strength-fuels-first-quarter-financial-results/
Microsoft Corp. has recently announced its results for the quarter ended 20 September, 2020 with revenue of $ 37.2 billion (up 12% compared to the same period last year), operating income of $15.0 billion (up 25%) and earnings per share of $ 1.82 (up 32%). All results outperforming analyst expectations. Net income rose 30% compared to the same quarter last year, reaching $ 13.9 billion.
Azure revenue grew 48%, while cloud services and server products increased 22% overall. In the previous quarter, Azure revenue grew 47% on 17% growth overall in that segment.
Despite COVID-19, the revenue from the Dynamics ERP and CRM products and cloud services increased 19%, mostly driven by Dynamics 365 cloud revenue growth of 38%. While the revenue for the broader Productivity and Business Processes segment was $ 12.3 billion and increased by 11%. Last quarter, Dynamics revenue overall increased by 13%, with Dynamics 365 revenue growth of 38%.
This fast and unparalleled ongoing growth in business applications confirms the trust that the market has in the Microsoft Dynamics 365 solutions, in Microsoft’s intelligent cloud platform as in the overall Microsoft vision.
“Demand for our cloud offerings drove a strong start to the fiscal year with our commercial cloud revenue-generating $ 15.2 billion, up 31% year over year,” said Amy Hood, executive vice president and chief financial officer of Microsoft. “We continue to invest against the significant opportunity ahead of us to drive long-term growth.”
These strong financial results combined with the positive outlook for the coming years will enable Microsoft to continue its investments in the field of Research and Development. Therefore, the company can speed up its mission to empower every person and every organization on the planet to achieve more.
“The next decade of economic performance for every business will be defined by the speed of their digital transformation,” said Satya Nadella, chief executive officer of Microsoft. “We are innovating across our full modern tech stack to help our customers in every industry improve time to value, increase agility and reduce costs.”
For the Microsoft implementation partners and their current and potential customers, these ongoing strong results confirm the confidence they have in a stable and innovative future. A strategic choice for Microsoft’s business solutions is a choice for a stream of innovation that never stops.