On Wednesday, Microsoft revealed the results of its fiscal third quarter of 2018 (sales period between January and March 2019) and, to the joy of its shareholders, exceeded analysts’ expectations for the period.
Overall, the giant founded by Bill Gates had a growth of 14% in its revenues during the first three months of the year when compared to the same period of the previous year, reaching US $ 30.6 billion – well above US $ 29.86 billion expected by analysts. The company also closed the quarter with an operating profit of $ 8.8 billion (19% more than in the same period last year) and saw its stock increase by $ 1.14 per share in the period – 14% $ 1 per share expected by Wall Street. This growth brought the company closer to a market value of US $ 1 trillion, closing the market on Wednesday (24) with a value of US $ 960 billion.
Much of this growth above expectations was due to Microsoft’s cloud services industry (such as Azure and Office 365), which not only became vital to the health of the company but continued to grow at a healthy pace. In the first three months of this year, revenues from the Intelligent Cloud sector (of which Azure is a part) amounted to US $ 9.7 billion, the company with the highest growth, 22% higher than in the same period of last year. And while the report does not disclose accurate figures for Azure, Microsoft says there was a 73 percent increase in service usage.
The Business Productivity and Processes sector was in second place in growth, thanks to Office 365. The division closed the period with a revenue of US $ 10.2 billion, which means a growth of 14% in comparison to the same last year. This revenue was greatly helped by rapid growth in the number of users of Office 365, which ended the period with 34.2 million accounts.
Last, but still growing, is the company’s Personal Computers division, which includes all revenues for the Windows, Surface and Xbox platforms. The sector closed the period with revenues of $ 10.7 billion – 8% higher than in the same period last year. In addition to the overall growth of 8%, Microsoft also reported a 9% increase (compared to the same period last year) in Windows licenses and 21% in the sale of Surface equipment.