Back in September, Microsoft revealed that Office 365 boasted seventy million commercial subscribers, an increase of ten million consumers compared to February 2016. The app’s subscriber count rises quickly: In October, there were 24 million registered users, with sales jumping 8% from March. Microsoft clearly enjoys that kind of subscription-based momentum, especially when now there are 85 million subscriptions, 40% more than last year.
Amy Hood, the company in charge of leading Microsoft’s worldwide finance organization, said during a conference call that “This quarter, the dollar volume of annuity expirations was significantly larger than the prior year, and with solid renewals from that base, we grew our commercial bookings by 18%. The larger base also drove our contracted-not-billed balance to more than $25.5 billion. Strong execution resulted in better-than-expected commercial unearned revenue of $22.3 billion or an 8% increase in constant currency.”
The key to success is making sure that everybody is happy and productive, and Microsoft has maintained a healthy relationship with its customers who have become loyal users of Office. Office 365 has become the brand name used by Microsoft for its group of software and services subscriptions. Consumers are able to use Microsoft Office apps on Windows and macOS and are able to upload files on cloud storage service OneDrive. Plus, they are offered a free 60 Skype minutes per month to talk with their friends. Business users have access to Microsoft Office software and are able to choose between the five family plans and 12 Office 365 plans.
RELATED STORIES TO CHECK OUT: