Microsoft's Results Show Why Satya Nadella Was a Savvy Hire
Microsoft (NASDAQ: MSFT) recently reported impressive quarterly earnings. Revenue grew 10% on a constant currency basis, leading to a 16% increase in operating income and a whopping 43% increase in earnings per share -- though, mobile write-offs and lower taxes contributed to the outsized EPS figure.
The results were largely due to incredibly strong growth in Microsoft's cloud products. Its Azure IaaS platform grew revenue 97%, Dynamics 365 delivered 74% revenue gains, and Office 365 Commercial grew 43%. Bookings, which equals revenue growth plus growth in deferred revenue, was a robust 30%, which analyst Kash Rangan of Bank of America described as, "off the chart."
When asked about the strong performance, CEO Satya Nadella credited multi-year investments and vision:
Source: Fool.com
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