Microsoft postes a profit of $20.5 billion in Q1 2017

Costea Lestoc By: Costea Lestoc
2 minute read

Home » News » Microsoft postes a profit of $20.5 billion in Q1 2017

Microsoft’s earning report for the first quarter of fiscal year 2017 is now out. The company posted a profit of $20.5 billion, with $22.3 billion of that categorized as non-GAP, meaning the tech giant overcame all analyst expectations.

The Surface revenue saw an increase of 38% YoY, mainly due to the success of the Surface Book and the Surface Pro 4. This generated $672 million profit in the Q1 in 2016, a number which grew to $926 million in this fiscal year. Moreover, Microsoft is introducing to the public a new version of the Surface device next week, another opportunity for more revenue.

As expected, the Microsoft Phone series is in steady downfall. It declined by 72% this fiscal year. Even more so, the Xbox is not that successful either, even though the company recently released the Xbox One S model. According to its own reports, the gaming part of their business saw a 5% decline. Less people are now using the Xbox Live — 47 million active users,  or 2 million less than how many were using it in the Q4 in 2016 — +but it’s still up from the 39 million YoY.

Microsoft’s cloud business is also on the rise with an increase in profit of 8%. At the same time, Azure revenue is up by 116% while the company’s server and cloud services increased by 11%. Other products, like Office, saw a growth of 5%, while Office 365 increased by 51%.

RELATED STORIES TO CHECK OUT:

Discussions

Next up

Windows 10 May Update install still stuck for many users

Alexandru Voiculescu By: Alexandru Voiculescu
Less than a 1 minute read

Many users complained on Reddit that Windows 10 v1903 update often gets stuck. One user says that is getting the What Needs Your Attention message. […]

Continue Reading

Switching tabs in Firefox spikes disk usage on Windows 10 v1903

Alexandru Voiculescu By: Alexandru Voiculescu
2 minute read

Reddit users reported that the new Windows 10 v1903 is causing a spike in the disk usage when switching between Firefox tabs. I don’t know […]

Continue Reading

Users are reporting UI inconsistencies in Windows 10 v1903

Rabia Noureen avatar. By: Rabia Noureen
2 minute read

We already reported about UI and design bugs in Windows 10 May 2019 Update in a previous post. It seems like Microsoft wanted to release […]

Continue Reading