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Microsoft has announced revenues of $23.3 billion (£17.9bn) in its most recent financial quarter – with cloud again at the heart of its success.<\/p>\n
This will be something of a familiar story to those who have taken notice of Microsoft’s financials over the past year or so, with CEO Satya Nadella telling analysts that financial year 2017 “all up was a tremendous year of customer momentum with cloud, AI, and digital transformation.”<\/p>\n
Microsoft does not disclose specific product revenues but instead gives a guideline; Azure revenue went up 97% year over year, with Office 365 commercial revenues up 43%. The company instead puts its revenues into a few buckets. ‘Productivity and business processes’ – the Office 365 side – was at $8.45 billion over the most recent quarter, an increase of 21%, while ‘intelligent cloud’ – Azure and server products – rose 10% to $7.43bn.<\/p>\n
“Our technology world view of an intelligent cloud and an intelligent edge is resonating with businesses everywhere,” Nadella said, as transcribed by Seeking Alpha<\/a>. “Every customer I talk to is looking for both innovative technology to drive new growth, as well as a strategic partner who can help build their own digital capability. Microsoft is that trusted partner.”<\/p>\n Among the quarter’s highlights for Microsoft included the acquisition of Cloudyn<\/a> in June, to help Azure customers manage and optimise their cloud usage, as well as joining<\/a> the open source Cloud Foundry Foundation as a gold member and an expanded partnership<\/a> with cloud storage provider Box focusing around machine learning. The latter angle was noted by Nadella, who told analysts: “The core currency of any business going forward will be the ability to convert their data into AI that drives competitive advantage.”<\/p>\n Meanwhile, another company whose cloud arm stands out alongside the rest of their results is SAP, who filed yesterday<\/a>. Revenues for the German software giant were at €5.8 billion (£5.2bn) for Q2, with cloud revenues seeing the biggest growth at 29% to €932 million.<\/p>\n