During the quarter, Microsoft’s Intelligent Cloud segment generated $17.38 in revenue, an increase of 30% from its performance a year ago. Analysts expected the segment to deliver $16.33 billion in revenue. The company’s Intelligent Cloud segment includes Azure public cloud, GitHub, Windows Server, and SQL Server.
Microsoft’s net income climbed 47% to $16.5 billion and its operating income went up 42% to $19.1 billion.
In a statement, Microsoft Chairman and CEO Satya Nadella said, “We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business. Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises, we’ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years.”
MSFT shares climbed 0.29% to $287 each after-hours.
