Last updated: October 25, 2018
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Microsoft shares rose +2.9% on Q1 strength in cloud, Surface, and gaming It beat revenue targets with a 19% Y/Y growth to $29.1bn.
Productivity and Business Processes reported an 18% Y/Y growth in constant currency to $9.8bn with Office commercial products and cloud services revenue up 16% and LinkedIn up 33%.
Intelligent Cloud reports a 24% growth to $8.6bn in revenue. Azure revenue grew 76%, a deceleration from its 90% Y/Y growth last year; Enterprise Services were up 6%. Personal Computing was up 15% to $10.7bn with Windows OEM revenue up 3%, Windows commercial products and cloud services up 12%, and gaming up 45%. Search ad revenue minus TACs grew 17%. Surface grew 14% in the period.
