Latest in Gear

Image credit: Bloomberg via Getty Images

Microsoft's strong quarter was powered by the cloud, Surface and Xbox

The cloud business isn't slowing down anytime soon.
230 Shares
Share
Tweet
Share
Save

Sponsored Links

Bloomberg via Getty Images

It's honestly getting a bit tough to write about Microsoft's quarterly earnings without sounding like a broken record. For years, its booming cloud business has pushed revenues higher, and the same is true for the past fourth quarter. The company reports that its revenue is up 17 percent from last year, reaching $30.1 billion compared to just $25.6 billion. Mostly, that's due to the continued strength of its cloud segment, which is up 23 percent ($9.6 billion) compared to last year.

Additionally, its More Personal Computing group, which includes Windows, Surface and Xbox, increased by 17 percent ($10.8 billion). Drilling down a bit, the Surface line continued to have a strong year with 25 percent revenue growth, while gaming revenues increased by a surprising 39 percent. The company points to third-party titles as a big reason for the growth. But really, it's probably all about Fortnite.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
230 Shares
Share
Tweet
Share
Save

Popular on Engadget

Galaxy S20 and Galaxy Buds+ leak together in official-looking shots

Galaxy S20 and Galaxy Buds+ leak together in official-looking shots

View
India is now a larger smartphone market than the US

India is now a larger smartphone market than the US

View
Jeff Bezos' leaked text messages may have come from his girlfriend

Jeff Bezos' leaked text messages may have come from his girlfriend

View
Porsche's first Super Bowl ad in 23 years is for the electric Taycan

Porsche's first Super Bowl ad in 23 years is for the electric Taycan

View
Apple gets its WiLan patent payout reduced to $85.2 million

Apple gets its WiLan patent payout reduced to $85.2 million

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr