Friday, April 24, 2015
Cloud Growth Lifts Microsoft
Microsoft reported a 11% year-on-year rise, at constant currencies, in device and consumer revenue to 9 billion US dollars for the quarter ended March 31. The software giant said it now has 12.4 million Office 365 consumer subscribers, up 35% quarter-on-quarter. Microsoft claimed that Bing now has 20% share of the US search market (up 150 basis points year-on-year), helping fuel a 24% rise in search advertising revenue at constant currencies. Revenue from its Surface range of tablets rose 53% to 713 million dollars, but Windows Phone revenue declined 16%.
Microsoft also reported a 7% rise in commercial revenue, at constant currencies, to 12.8 billion dollars for the quarter. Commercial cloud revenue rose 111% driven by rising sales of Office 365, Azure and Dynamics CRM Online, it added. source: Microsoft statement
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