Arab Today, arab today microsoft quarterly profit slips but tops forecasts
Last Updated : GMT 20:30:42
Arab Today, arab today
Arab Today, arab today

After the tech colossus

Microsoft quarterly profit slips but tops forecasts

Arab Today, arab today

Arab Today, arab today Microsoft quarterly profit slips but tops forecasts

Microsoft Surface Pro 4
San Francisco - Arab Today

Microsoft shares rallied after the tech colossus reported earnings Thursday that surpassed Wall Street expectations with a winning shift into the Internet cloud.

Microsoft made a profit of $5 billion on $23.8 billion in revenue in the final three months of last year, it said, propelling the company's shares about seven percent when the earnings figures hit, before giving up some of the ground.

Shares were up more than three percent to $53.91 in after-market trade, with analysts rejecting the notion that the technology veteran was somehow past its sell-by date.

"It was a strong holiday season for Microsoft highlighted by Surface and Xbox," said chief operating officer Kevin Turner, referring to the company's tablet computer family and popular gaming console.

"Our commercial business executed well as our sales teams and partners helped customers realize the value of Microsoft's cloud technologies."

NPD Group analyst Stephen Baker told AFP that "People who think Microsoft is sliding into irrelevancy really need to re-evaluate how they see the company.

"They are a software-first company in a world that is increasingly about software."

The analyst credited Microsoft with having a "nice mix" of businesses and reasoned that while consumer products get a lot of attention, legions of people use productivity software or services on the job and off.

- Looking to the cloud -

Cloud computing lets people use the Internet to tap into processing or data storage capacity at huge data centers.

Software offered as a service in the Internet cloud has been a key aspect of Microsoft's effort to adapt to a shift away from packaged software on which the US company was built.

Microsoft quarterly profit was down overall, but still better than forecasts.

Revenue from Microsoft Azure, which challenges cloud king Amazon Web Services, more than doubled while its overall "Intelligent Cloud" unit grew five percent to $6.3 billion, according to the earnings report.

"Businesses everywhere are using the Microsoft Cloud as their digital platform to drive their ambitious transformation agendas," said Microsoft chief executive Satya Nadella.

"The enterprise cloud opportunity is massive."

Nadella also revealed that Microsoft's recently released Windows 10 operating software now powers more than 200 million devices in the fastest adoption rate ever seen by the company.

Microsoft began rolling out Windows 10 last year, aiming to revive the tech giant's fortunes. The new operating system aims to be seamless across traditional computers and mobile devices such as tablets and smartphones.

Windows remains the dominant PC platform but Microsoft has lagged rivals Apple and Google to power mobile devices such as tablets and smartphones.

Microsoft also sees the promise of some of its other offerings such as its Bing Internet search engine and the Windows Store for apps, games and other digital content.

Surface tablet computers were a bright spot for Microsoft, with revenue increasing 29 percent on the back of the launch of Surface Pro 4 and Surface Book, according to the earnings report.

The number of people using Xbox Live online service for digital content and video game play climbed 30 percent to a record high 48 million.

- Changing company? -

Microsoft has long specialized in software for getting tasks accomplished and there is a lot of money to be made in the cloud, according to the analyst Baker.

"People dont understand them," Baker said of Microsoft.

"They are not the same company they were a few years ago."

Microsoft earlier this month announced that it will put a billion dollars' worth of cloud computing power in the hands of non-profit groups and university researchers free of charge.

A philanthropic arm of the US software giant will make the donation during the coming three years to 70,000 non-profit groups and researchers, Nadella said, while attending the World Economic Forum in Davos, Switzerland.

The philanthropic move comes as Microsoft continues adapting to a trend of people economically renting software as services in the Internet cloud instead of buying and installing programs on their machines.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today microsoft quarterly profit slips but tops forecasts Arab Today, arab today microsoft quarterly profit slips but tops forecasts

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank

GMT 18:23 2017 Sunday ,19 February

Darwesh vows to provide job opportunities for youth

GMT 12:10 2017 Sunday ,19 February

Welcomes the F&B solution of the future

GMT 10:06 2017 Friday ,17 February

South Korea's Hanjin Shipping declared bankrupt

GMT 09:26 2017 Friday ,17 February

Samsung's history tainted by run-ins with the law
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday