Cloud’s growth helps Microsoft clock $29.1 billion in revenue

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Microsoft Cloud

With the help of its growing Cloud business, Microsoft has achieved a revenue of $29.1 billion and net income of $8.8 billion for this quarter.

Microsoft CloudThe revenue of the company has seen a rise of 19 per cent while net income has increased by 34 per cent.

“We are off to a great start in fiscal 2019, a result of our innovation and the trust customers are placing in us to power their digital transformation,” said Microsoft CEO Satya Nadella.

“We’re excited to help our customers build the digital capability they need to thrive and grow, with a business model that is fundamentally aligned to their success.”

Revenue in Intelligent Cloud was $8.6 billion and increased 24 per cent.

Server products and Cloud services revenue increased 28 per cent driven by Azure revenue growth of 76 per cent.

LinkedIn revenue has also increased by 33 per cent with record levels of engagement.

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