Microsoft has posted a 14% increase in revenue to $33.1bn for the first quarter ended 30 September. It also posted an operating profit of $12.7bn, which represented an impressive 27% increase.
Net income was $10.7bn, or an increase of 21%. “The world’s leading companies are choosing our cloud to build their digital capability,” said Satya Nadella, chief executive officer of Microsoft. “We are accelerating our innovation across the entire tech stack to deliver new value for customers and investing in large and growing markets with expansive opportunity.”
Microsoft returned $7.9bn to shareholders in the form of dividends and share repurchases in the first quarter, an increase of 28% compared to the first quarter of fiscal year 2019.
"It was a strong start to the fiscal year with our commercial cloud generating $11.6bn in revenue for the quarter, up 36% year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.
Revenue in productivity and business processes was $11.1bn - increased by 13%. This included Office Commercial products and cloud services revenue increasing 13%, driven by Office 365 Commercial revenue growth of 25%. It also included Office Consumer products and cloud services revenue increasing 5%, with continued growth in Office 365 consumer subscribers to 35.6m.
And Dynamics products and cloud services revenue increased 14%, driven by Dynamics 365 revenue growth of 41%.
Revenue in Intelligent Cloud business was $10.8bn - increasing 27%. This included server products and cloud services revenue increasing 30%, driven by Azure revenue growth of 59%. Enterprise Services revenue increased 7%. Sales in More Personal Computing were $11.1bn, increasing 4%. This included Windows OEM revenue increasing 9% and Windows Commercial products and cloud services revenue going up 26%.
