Microsoft Q3 FY18 Earnings: Azure revenue grew 93%, premium services revenue grew triple digits
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Microsoft today announced FY18 Q3 earnings results. The revenue was $26.8 billion and the operating income was $8.3 billion. Revenue in Intelligent Cloud was $7.9 billion and increased 17% (up 15% in constant currency), with the following business highlights:
Microsoft reported that Server products and cloud services revenue increased 20% (up 17% in constant currency) driven by strong Azure revenue growth of 93% (up 89% in constant currency). Enterprise services revenue increased 8% (5% in constant currency).
Also, Azure premium services revenue continues to grow, it saw triple digits growth once again this quarter. Enterprise Mobility is a strong growth area for Microsoft and their installed base increased to 65 million already (up 55% YoY). Server products revenue including Windows and SQL server grew 3% (up 1% CC).
