Microsoft has released all of their first quarter financials this morning and we’ve already broken down a fair bit of the data and announcements to give it context and make it easier to understand. Here are some of the latest highlights:
- Xbox Live saw an increase in active users this quarter but what does that mean?
- Microsoft’s Intelligent Cloud business grows to $5.9 billion in revenue
- Microsoft’s new ‘More Personal Computing’ sector weighed down by 45% decline in device revenue
- Microsoft has forward outlook following its FY16 Q1 results
- Microsoft’s strong cloud execution drives its first quarter results for 2016
One of Microsoft’s biggest successes this quarter has been its Office commercial products and services which grew an average of 5% overall. Office 365, by itself, saw an impressive revenue growth of nearly 70% and its consumer subscribers increased to 18.2 million, which means that in this quarter alone an impressive 3 million subscribers came on board. Microsoft also saw dynamics grow a further 12% with Dynamics CRM Online enterprise installed base growing more than 3 times year-over-year.
Chief executive officer at Microsoft, Satya Nadella had the following to say about the quarter’s earnings and the company’s direction; “We are making strong progress across each of our three ambitions by delivering innovation people love. Customer excitement for new devices, Windows 10, Office 365 and Azure is increasing as we bring together the best Microsoft experiences to empower people to achieve more.”
Microsoft’s Office 365 platform has grown tremendously recently and is now used by over 70 percent of Fortune 500 companies. Office 365 has also been expanding to other areas and was recently made available in Indian datacenters. Are you happy with the way Microsoft has taken their Office services and products? Share your thoughts with the WinBeta community in the comments below.Further reading: Finances, Microsoft, Microsoft Financials, Office 365