Exceeding Expectations
Meanwhile, Microsoft’s fiscal first-quarter results broke its records. Revenue totaled $29.1 billion over the last three months, an increase of 19 percent year-on-year. Net income reached $8.8 billion over the last period, an increase of 34 percent compared to the same timeframe last year. Analysts predicted revenue of $27.9 billion, so it blasted those predictions out of the water. Again, Microsoft saw a large growth in its cloud business, while Surface, Xbox, and Windows OEM Pro also saw increases. Office commercial products revenue increased an impressive 17 percent, with Office 365 commercial revenue growing 36 percent. Office 365 now boasts 155 million active users, with 32.5 million consumer subscribers. In all, Microsoft seems to have a lot of potential for growth. It’s possible we’ll see it take back the second spot later in the year, though all are behind Apple, which currently has a cap of 1.04 trillion.
