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  1. #1
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    [EN] Azure cloud-computing services revenue more than doubles

    Microsoft Corp.’s first-quarter sales and earnings topped analysts’ estimates, buoyed by growing demand for cloud-based software and services.

    Dina Bass
    October 20, 2016

    Profit excluding certain items was 76 cents a share on adjusted sales of $22.3 billion, the Redmond, Washington-based company said in a statement Thursday. Analysts on average estimated profit in the period ended Sept. 30 would be 68 cents on revenue of $21.7 billion, according to data compiled by Bloomberg. Shares surged to a record in extended trading.

    Chief Executive Officer Satya Nadella has been investing in data centers and striking partnerships to bolster sales of Microsoft’s main corporate cloud products, Azure and Office 365 -- internet-based versions of the popular productivity apps, e-mail and collaboration tools. Revenue from Azure cloud services more than doubled, helping Microsoft outperform even as demand for PCs remained in the doldrums and its mobile-phone efforts collapsed.

    "Cloud is growing significantly and Azure represents incremental new revenue," said Mark Moerdler, an analyst at Sanford C. Bernstein & Co., who rates the shares outperform. "Commercial cloud is driving revenue growth, which is somewhat hidden by the fact that Nokia is going to zero."

    Microsoft shares jumped as much as 6.2 percent in extended trading following the report. If the gains hold when U.S. trading opens tomorrow, the stock will top its all-time high -- reached in 1999.

    "This transition to the cloud represents the single largest addressable market opportunity we’ve all seen in many, many years," Chief Financial Officer Amy Hood said after the report. "There is such an opportunity to grow our overall revenue and do it profitably."

    Hood said half of the earnings-per-share estimate beat was because of strong sales, and half was related to a lower-than-expected tax rate and other income. Net income in the recent period declined to $4.69 billion, or 60 cents a share.

    Earlier this month, on a swing through Europe, Nadella said the company has spent $3 billion -- $1 billion in the past year alone -- on data centers on the Continent to expand cloud services. He promised continued investments there, including new sites in France next year. Hood said in July that gross margins for commercial cloud would "materially improve" in the current year. That’s because previous years of investment are starting to pay off as those data centers support more customers. Commercial cloud gross margin in the recent period was 49 percent, 7 points wider than in the prior quarter.

    Microsoft has pledged to reach annualized revenue of $20 billion in its corporate cloud business by the fiscal year that ends in June 2018. That metric stood at more than $13 billion at the end of the fiscal first quarter. The company has been adding customers and workloads for its Azure services, which let clients run and store applications in Microsoft’s data centers.

    Elsewhere in the cloud business, paid users for the company’s Salesforce.com rival, called Dynamics CRM Online, grew more than 2.5 times. Overall, Dynamics product revenue rose 11 percent. The two companies’ rivalry has intensified in recent months after Microsoft beat out Salesforce in bidding for LinkedIn Corp. Since then, Salesforce has asked European regulators to scrutinize the $26.2 billion deal. Hood reiterated on Thursday that Microsoft expects the acquisition to close in the December quarter.

    PC Market

    Worldwide PC shipments in the September quarter were a smidgen better than expected -- a decline of 3.9 percent, compared with a 4.1 percent drop in the prior period, researcher IDC said. Still, chipmaker Intel Corp. saw its shares plummet by the most in nine months after a disappointing fourth-quarter sales forecast signaled lackluster demand for PCs heading into the holiday shopping season.

    Microsoft in July admitted it won’t meet its goal of getting the Windows 10 operating system on 1 billion devices within two to three years of the 2015 release of the software. The company blamed the shortfall on the decision to all but exit the phone hardware business and insisted this year would be a good one for corporate adoption of the system. Analysts are waiting to see evidence.

    "I’m not yet ready to call success, but we are seeing enough people doing enough prep work for it that it’s quite possible we could see a jump in adoption on the corporate side," Moerdler said.

    Windows, Gaming

    Sales in the company’s More Personal Computing business, including Windows and Xbox, slipped 1.8 percent from a year ago to $9.29 billion. That compares with the $8.88 billion average estimate of five analysts polled by Bloomberg. Microsoft also reported a new metric for gaming revenue for Xbox and PC, saying it was $1.9 billion last quarter.

    In the Intelligent Cloud unit, comprised of Azure and server software deployed in customers’ own data centers, sales rose 8.3 percent to $6.38 billion, compared with the $6.26 billion average analyst estimate. Productivity revenue climbed 5.6 percent $6.66 billion. Analysts had estimated $6.55 billion.

    For the fiscal second quarter, the company said Productivity revenue will be as much as $7.1 billion, while Intelligent Cloud sales will be $6.55 billion to $6.75 billion. More Personal Computing, the unit most impacted by holiday sales of computers and video games, will be $11.2 billion to $11.6 billion, Hood said on a conference call.


    https://www.bloomberg.com/news/artic...ervices-demand

  2. #2
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    Revenue from Azure grew 116%, or 121% in constant currency

    Jay Greene
    Oct. 20, 2016

    Microsoft Corp. ’s cloud-computing businesses kicked into high gear as sales of the software giant’s Azure service more than doubled.

    Overall revenue, which has slid for each of the past five quarters, also grew in the period. The Redmond, Wash., company beat analyst expectations for both sales and profit in the first quarter, which sparked a 6% rise in its share price to $60.77 in after-hours trading.

    If Microsoft shares trade that high on Friday, the price will surpass the company’s all-time high of $59.56 during the dot-com boom in 1999.

    Microsoft is capitalizing on massive investments it has made building data centers around the globe to handle its cloud-computing traffic. The company spent $2.3 billion in capital expenditures in the first quarter.

    “A lot of the investments they made in capital expenditures are paying off this quarter and should only accelerate,” said Stifel Nicolaus & Co. analyst Brad Reback.

    Moreover, Microsoft posted 50% gross margins in the businesses it lumps together under the heading commercial cloud which includes Azure as well as the cloud-based Office 365 productivity suite and Dynamics software for sales professionals.

    The company is taking advantage of the wave of digital technology washing over mainstream businesses, said Microsoft Chief Executive Satya Nadella. “It’s not just the Silicon Valley startups anymore, it is the core enterprise that is also becoming a digital company,” Mr. Nadella said during a Thursday conference call with analysts. “And we are well positioned to serve them and that’s good to see.”

    Revenue from Azure grew 116%, or 121% in constant currency, the company said. Chief Financial Officer Amy Hood noted that use of Azure’s compute service more than doubled as well.

    Microsoft posted big gains in the reporting segment it calls productivity and business processes, which includes both online and on-premises versions of Office and Dynamics. There, sales climbed 6% to $6.7 billion. In constant currency, revenue grew 8%. Revenue from commercial sales of the cloud-based Office 365 jumped 51%, or 54% in constant currency.

    And Dynamics revenue grew 11%, or 13% in constant currency, driven by online revenue growth, the company said.

    Windows revenue from computer makers was flat in the quarter, but that beat the world-wide PC market as a whole, which slid 3.9% in the quarter that ended in September, according to International Data Corp.

    For the quarter, revenue from the segment known as more personal computing, which includes Windows, as well as Microsoft’s mobile phone and gaming businesses, fell 2% to $9.3 billion, a 1% decline in constant currency.

    http://www.wsj.com/articles/microsof...ngs-1476995257

  3. #3
    WHT-BR Top Member
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    High-margin products

    Julie Bort
    Oct. 20, 2016

    Microsoft reported a lot of good news with its earnings on Thursday, sending its stock to all-time highs.

    For instance, it said revenue for its Productivity and Business Processes unit grew 6% (up 8% in constant currency) to $6.7 billion.

    Most of that is from Office 365. Microsoft says that revenue from the consumer versions of Office 365 alone grew by $24 million. It doesn't report the revenue of the Office 365 it sells to businesses, which is, presumably a lot more, but did say that it grew by 51%.

    However, Microsoft also credited the unit's good quarter to its Dynamics products. This is the software that competes with the likes of Salesforce, Oracle and SAP.

    It includes software that helps salespeople manage their interactions with prospects and customers (known as customer resource management software, or CRM), which is Salesforce's bread-and-butter. It also includes the financial apps (known as enterprise resource planning, or ERP), which is SAP's bread-and-butter, and a big deal for Oracle, too, as well as Workday.

    Dynamics products and cloud services revenue grew 11%, or 13% in constant currency, when allowing for the foreign exchange rate, Microsoft says.

    The online version, Dynamics CRM Online, grew paid seats by more than 2.5 times.

    And Microsoft says that "more than 70% of Dynamics CRM and ERP enterprise customer adds chose Dynamics online." That basically means that most of its sales went to the online product instead of the old-fashioned software product, which is what anyone would expect in this age of cloud computing software.

    These numbers are, of course, cherry-picked and don't tell investors exactly what Dynamics actual revenue is, or even its actual number of users.

    However, these are high-margins products and their growth are a good thing for Microsoft CEO Satya Nadella who has bet the company on the likes of commercial cloud products like these. This unit will eventually enfold LinkedIn when Microsoft completes its $26.2 billion acquisition of the company, expected by the year's end.


    http://www.businessinsider.com/micro...g-well-2016-10
    Última edição por 5ms; 21-10-2016 às 02:06.

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