Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Microsoft Corp.'s quarterly sales topped estimates on cloud-computing growth and recovering personal-computer sales, as Chief Executive Officer Satya Nadella shows progress in his effort to revive the company. Revenue at the ailing Nokia handset business, which Microsoft acquired earlier this year, also topped projections, while sales of Azure cloud software and Web-based versions of Office programs more than doubled. Total revenue in the first fiscal quarter, which ended Sept. 30, rose 25 percent to $23.2 billion, compared with analysts' average estimate for $22 billion, according to data compiled by Bloomberg. Revenue from the devices rose to $908 million as the Surface Pro 3 outsells the previous version by a 2-to-1 margin, the company said.Nadella is cutting costs after Microsoft completed its 5.44 billion euros ($7.33 billion) acquisition of Nokia's mobile-phone operations, and is seeking to streamline operations elsewhere.Profit in the period ended Sept. 30, excluding restructuring charges, was 65 cents a share, the company said in a statement Thursday, topping the average projection for 55 cents. Of that, Microsoft said sales for its commercial-cloud products rose 128 percent.
FOLLOW THIS ARTICLE