Microsoft has revealed its FY19 Q1 financial results, posting what the company has described as record first quarter results driven by the rapid growth of specific divisions, including cloud.In fact, the cloud business has been the main engine powering up Microsoft’s growth for several quarters already, and this time, in particular, it had a massive contribution to the $29.1 billion revenue (up 19 percent) reported by the company.
The net income reached $8.8 billion, an increase of 34 percent from the same quarter the previous fiscal year, according to Microsoft’s earnings report.
The Intelligent Cloud unit increased revenue by as much as 24 percent, accounting for no less than $8.6 billion out of the total $29.1 billion for the quarter.
At the same time, the Productivity and Business Processes posted a 19 percent increase to reach $9.8 billion, with Office consumer products and cloud services also going up 16 percent. Office 365 consumer subscribers reached 32.... (read more)
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