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Microsoft profit slips as revenues get boost from cloud
2015-01-27 09:20:00| Telecompaper Headlines
(Telecompaper) Microsoft revenue for the quarter to December rose to USD 26.5 billion from 24.5 billion the year before, with particularly strong growth again from commercial cloud services. Operating profit slipped to USD 7.8 billion from 7.97 billion, and diluted earnings per share went a bit lower to USD 0.71 from 0.78 the year earlier. The results include USD 243 million worth of integration and restructuring costs, or a USD 0.02 per share negative impact, related to both Microsoft's restructuring plan announced in July and the ongoing integration of the Nokia phone business. Devices and Consumer revenue grew 8 percent to USD 12.9 billion, led by Surface tablet revenue up 24 percent to USD 1.1 billion. Phone Hardware revenue reached USD 2.3 billion, with 10.5 million Lumia units sold. Office 365 Home and Personal subscribers increased to over 9.2 million, up 30 percent from the previous quarter. Xbox console sales totaled 6.6 million units, after a strong holiday season performance. Commercial revenue grew 5 percent to USD 13.3 billion, driven by commercial cloud revenue surging 114 percent from the year before, with an annualised revenue run rate of USD 5.5 billion.
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Category:Telecommunications