Microsoft CEO Cites Cloud Platforms as Q4 Revenue Driver; PC Sales Rise 1%
Cloud platforms drove Microsoft’s FY 2017 Q4 revenue, which grew to $23.3 billion from $20.6 billion in the year-ago quarter, said CEO Satya Nadella in an earnings release. Microsoft Office consumer products and cloud services revenue grew 13 percent, and…
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Office 365 consumer subscribers increased to 27 million, said the company, while Windows OEM revenue inched ahead 1 percent, “slightly ahead of the overall PC market.” On the Thursday earnings call, Chief Financial Officer Amy Hood said the U.S., Germany and Japan “performed better than we expected.” Surface tablet revenue decreased 2 percent on product lifecycle transitions, the company said. Gaming revenue advanced 3 percent on gains in Xbox software and services that offset lower hardware revenue, and Microsoft’s gaming business is “growing profitably” in a market that’s evolving “faster than ever before,” said Nadella. He cited “explosive growth” in streaming and eSports, new subscription services and mixed reality scenarios. The Xbox Live network numbers more than 53 million users, Nadella said.