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Microsoft’s cloud strategy leads to another winning quarter on Wall Street

Discussion in 'Tech News' started by Arjun Chandran, Jan 27, 2017.

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  1. Arjun Chandran

    Arjun Chandran Super Samurai
    Staff Member

    +132 / 0 / -0
    Microsoft just released its fiscal second quarter earnings report, posting revenue of $24.1 billion and net income of $5.2 billion, beating Wall Street estimates in both cases. The company’s huge acquisition of LinkedIn closed fairly late in the quarter, but still got plenty of attention in the earnings release. Microsoft says LinkedIn brought in revenue of $228 million and a net loss of $100 million for the period “beginning on December 8th, 2016.” LinkedIn is reported under the Productivity and Business Processes segment of Microsoft’s Q2 earnings.

    It was a big quarter for Microsoft’s cloud strategy as the company continues inching up on industry leader Amazon Web Services. Azure revenue increased by an impressive 93 percent “with...

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