Microsoft chief heralds ‘second wave’ of global digital transformation
Comes as the vendor sees gains across the board
Source | www.arnnet.com.au |
Microsoft CEO Satya Nadella has heralded the arrival of a “second wave” of digital transformation throughout industry as his company flags a 34 per cent year-on-year increase in commercial cloud revenue during its second quarter.
Microsoft’s fiscal second quarter saw gains across the board, according to the vendor’s latest financials, with various business segments including Office 365 commercial, Dynamics 365, Azure and Server products and services all enjoying comfortable increases.
“Accelerating demand for our differentiated offerings drove commercial cloud revenue to US$16.7 billion, up 34 per cent year over year,” said Amy Hood, Microsoft’s executive vice president and chief financial officer. “We continue to benefit from our investments in strategic, high-growth areas.”
Broadly, revenue in Microsoft’s Productivity and Business Processes segment was US$13.4 billion in the quarter, an increase of 13 per cent, year on year.
Revenue in Intelligent Cloud was US$14.6 billion, an increased 23 per cent, while revenue in More Personal Computing was US$15.1 billion, up 14 per cent.
