Microsoft has revealed the financial results for the first quarter of fiscal year 2017, reporting revenue of $20.5 billion and net income of $4.7 billion.
This represents an increase of 5 percent in constant currency, but what’s more interesting is that Windows is no longer the product that’s driving the company forward, but Office and the cloud.
Specifically, the Office commercial products and cloud services revenue improved by 5 percent, with Office 365 posting a growth of no less than 51 percent. Furthermore, Office consumer products and cloud revenue grew 8 percent, with Office 365 consumer subscribers now totaling 24 million.
The Intelligent Cloud business grew 7 percent, with Azure posting an increase of no less than 116 percent, as Azure compute usage more than doubled year-over-year.
Windows performance
As far as Windows is concerned, OEM revenue was flat, and so was Windows commercial products and cloud services revenue.
Intelligence View
⚡ tsecurity.de Intelligence
Microsoft Revenue Is Increasing but Not Thanks to Windows
Microsoft has revealed the financial results for the first quarter of fiscal year 2017, reporting revenue of $20.5 billion and net income of $4.7 billion. This represents an increase of 5 percent in constant currency, but what’s more i…
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