In all, Microsoft said[1] its second-quarter net income declined to $5 billion, or 62 cents a share, down from $5.86 billion, or 71 cents a share, a year earlier.
CEO Satya Nadella has focused on cloud[2] services and mobile applications on slower growth in its traditional software business. "Businesses are also piloting Windows 10, which will drive deployments beyond 200 million[3] active devices", added Nadella.
Revenue from Productivity & Business segment declined 2%, down to $6.7 billion, as opposed to the 3% decline in the quarter prior, as the company transitioned from software licensing to Office 365 subscriptions for clients.
Facebook may overtake Google as Internet's most powerful company, doubles quarterly profit[4]
Revenue increased 44 percent to $5.8 billion in the quarter, which easily surpassed analyst estimates. Advertising revenue, meanwhile, was expected to grow by 45 percent to $5.2 billion.
Microsoft generated $25.7 billion in revenue for Q2 2016, largely driven by its Azure and Office 365 cloud offerings.
Total revenue, however, fell 10.1 percent to $23.80 billion, squeezed by a strong dollar as well as a weak personal computer market that has reduced demand for Microsoft's Windows operating system. The declining PC market still affected the company, even though Windows 10 released last summer, as Windows OEM[5] Pro revenue fell 6 per cent. In short, Microsoft has found some firm footing in the competitive cloud computing market.
Microsoft revenue for Azure, its cloud-computing platform, surged 140% excluding currency impacts, while server products and cloud services revenues were up 10%. Meanwhile, Microsoft reported that its success in monetizing its search advertising had grown by 29%, which it attributed to the integration of search into Windows 10.
Colombia reports more than 2000 Zika cases in pregnant women[6]
These Zika birth defects most likely happen when a mosquito carrying the virus bites a woman early in her pregnancy. There have been two cases recorded in the world where Zika is thought to have been sexually transmitted.
The company reported a rise in unearned revenue balances of $19.8bn, up 8% in constant currencies, representing services that have been paid for up front, but not yet delivered. The results sent its shares up 3% in after-hours trading. Microsoft reports financial earnings on Thursday, Jan. 28, 2016.
According to thebroadband, Microsoft has told analysts to expect a similar drop in revenue in the coming quarter. The service revenue from the Intelligent Cloud (IC), grew from $5.9 billion to $6.4 billion over the same period.
Microsoft confirmed that its devices revenue sank 22 per cent, which can largely be attributed to its troubled smartphones business.
Police Investigate Altercation Between Browns QB Johnny Manziel and Girlfriend[7]
Browns owner Jimmy Haslam said Thursday night at the Greater Cleveland Sports Awards that the relationship could be repaired. He was questioned by Avon police October 12 after an in-car argument with then-girlfriend Colleen Crowley .
Three out of four of Microsoft CRM customers are selecting to deploy in the cloud which is driving triple-digit paid seat growth for CRM Online in the enterprise. A year ago, the company revenue was $26.47 billion. Revenue from its own Surface line of computers and tablets rose to $1.35 billion from $1.1 billion a year earlier.
References
- ^ said (www.microsoft.com)
- ^ cloud (www.wikinvest.com)
- ^ 200 million (www.ibtimes.com)
- ^ Facebook may overtake Google as Internet's most powerful company, doubles quarterly profit (bsccomment.com)
- ^ Windows OEM (www.bloomberg.com)
- ^ Colombia reports more than 2000 Zika cases in pregnant women (bsccomment.com)
- ^ Police Investigate Altercation Between Browns QB Johnny Manziel and Girlfriend (bsccomment.com)
