Microsoft's new fiscal year record

"Having worked with him for more than 20 years, I know that Satya is the right leader at the right time for Microsoft", said Steve Ballmer, when Nadella was announced as his successor. And we are working to earn our customers trust every day.”.

Multinational tech company Microsoft beats analysts' expectations of almost $1 billion in revenue for the second quarter of 2019. Having managed the transformation to the cloud infrastructure and services business before being appointed CEO, Nadella doubled down on this transformation as CEO, turning Microsoft's cloud business into an industry-leading powerhouse that generates around $40 billion a year in revenue and billions in profit.

The increase in revenues, however, is not the main element behind the drastic increase in profits, but this is mainly explained by the large reduction from one year to the next in terms of tax provisions.

Net income was $39.2 billion GAAP, or diluted earnings per share of $5.06, a 138% increase year-over-year.

"In Surface, revenue grew 14 per cent and 17 per cent in constant currency driven by strength in our commercial segment, particularly in the U.S., Japan, and Canada", he said. Analysts had expected $11.02 billion in intelligent cloud gross sales on average, according to FactSet.

Revenue from productivity and business processes division that includes business and consumer cloud services as well as career-focused social network LinkedIn was up 14 per cent to $11 billion, according to the earnings report.

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The US technology titan, shifting in recent years to business services from consumer tech, reported its net income rose 49 per cent to $13.2 billion on revenue that was up 12 per cent to $33.7 billion.

“In our largest quarter of the year, our sales teams and partners delivered exceptional commercial results, which drove another quarter of double-digit top and bottom line growth, ” Hood said. The company had forecast $10.85 billion to $11.05 billion for the segment. Still, Microsoft's Xbox hardware revenue declined a massive 48 percent, and Microsoft attributes this to a "decrease in the volume of consoles sold". This move is a great opportunity ahead for Microsoft.

The 19,903 million allocated by Microsoft in 2018 to pay taxes were drastically reduced this year to 4,448 million, a downward outcome of the fiscal reform promoted by the Government that presides over Donald Trump, approved in December 2017 and that began to be implemented in 2018. As an alternative, Windows 7 users can upgrade to Windows 10 Pro for $199.99.

As always, it's Microsoft's cloud services that are the star of the earnings show.

Microsoft Corp., the American multinational technology company, headquartered in Redmond, Washington, had revealed its quarterly earnings' revenue Q2, 2019, on Thursday (July 18th) which had sanguinely beaten Wall St.