Microsoft profit rises as it absorbs LinkedIn

Microsoft reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network.

Must Read

A Balancing Act: Personal Data Protection Bill gives more power to govt, data can be processed abroad

The Personal Data Protection Bill is likely to water-down many suggestions of draft Bill prepared by the Justice BN Srikrishna.

Over 50% candidates with Hindi, regional languages clears UPSC civil service exam in 2018

In 2018, a total of 812 candidates were recommended for central civil services, among them 485 candidates were those who had chosen Hindi or other regional languages as mother tongue

Modi govt to amend IT Act to trace rogue messages on WhatsApp

The Union government said that to trace rogue messages on platforms such as WhatsApp, it has proposed to amend the Information Technology (Intermediaries Guidelines) Rules, 2011 of the IT Act, 2000
Tech Observer Desk
Tech Observer Desk
TechObserver.in covers e-governance, enterprise IT, startups, telecom and consumer electronics.

reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the social network. The US tech giant yesterday said profits rose 3.6 percent in the second fiscal quarter to USD 5.2 billion, while revenues edged up one percent to USD 24 billion.

The US tech giant, which is shifting away from dependence on software to a broader array of services, said the LinkedIn acquisition boosted its revenue in the last three months of the year but dragged on profit.

Microsoft, which bought LinkedIn as part of its efforts to make better connections with customers, said the deal added USD 228 million in revenue but erased USD 100 million in net profit.

Chief executive Satya Nadella said the results confirm the new direction for Microsoft in areas such as cloud computing and artificial intelligence.

“Our customers are seeing greater value and opportunity as we partner with them through their digital transformation,” he said in a statement.

“Accelerating advancements in AI across our platforms and services will provide further opportunity to drive growth in the Microsoft Cloud.”

Microsoft reported a 10 percent jump in revenue from its productivity and business products, which include its Office suite of programs such as cloud-based Office 365.

Revenue in Microsoft’s “intelligent cloud”, which includes a range of services for the enterprise, rose eight percent.

The personal computing segment, which includes the Windows operating system, saw a five percent drop in revenue in the quarter.

Microsoft also saw increases from its Bing search advertising and a drop in revenue from its Xbox gaming operations.

- Advertisement -
avatar
1000
  Subscribe  
Notify of
- Advertisement -

Latest in TECH

Modi govt mulling to bring national level blockchain framework

While replying to question in the Lok Sabha, the Union minister of state for electronics and IT Sanjay Dhotre said that an approach paper on National Level Blockchain Framework is being prepared
- Advertisement - ESDS eNight Cloud Hosting

Related Articles