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Microsoft profits from cloud services

April 25, 2014 By: Dr Search Principal Consultant at the Search Clinic Category: Cloud Computing, Computers, Microsoft, Technology Companies, Uncategorized

Microsoft has announced a increase in it’s profits- grown by increased use of cloud services.

Microsoft profits from cloud servicesMicrosoft earnings were buoyed by new CEO Satya Nadella’s cloud vision as these earnings are the first Microsoft has released with new chief executive in charge.

Microsoft reported net profits of £3.37 billion in the first quarter of 2014- which was better than finance markets had estimated.

The software maker’s efforts to move further into cloud computing – a move championed by new chief executive Satya Nadella – seem to be paying off.

Azure, a cloud computing product, saw revenue grow 150%, Microsoft.

The company also said it added 1 million users to its subscription-based Office programme for personal users.

Microsoft sold in 2 million Xbox consoles, including 1.2 million Xbox Ones during the period.

“We are making good progress in our consumer services like Bing and Office 365 Home, and our commercial customers continue to embrace our cloud solutions,” said chief executive Satya Nadella, who replaced Steve Ballmer in February.

However, Microsoft was hurt by declining personal computer sales, as users continue to shift to other technologies.

Overall, profits declined by 6.5% compared to the same period last year.

Microsoft shares rose close to 3% in after-hours trading.

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