Microsoft Q3 FY20 Earnings: Azure cloud services revenue grew 59%

Microsoft today announced FY20 Q3 earnings results. Microsoft’s revenue in the last quarter was $35 billion and the operating income was $13 billion. Revenue in Intelligent Cloud business segment was $12.28 billion and it increased 27% when compared to last year. Microsoft offered the following business highlights related to Intelligent Cloud business segment.

Microsoft reported that server products and cloud services revenue increased 27% driven by Azure revenue growth of 59% (61% in constant currency). For comparison, Microsoft reported Azure revenue growth of 62% in Q2 2019. Enterprise services revenue increased 6%.

Enterprise Mobility continues to grow and its installed base increased to 134 million which is a 34% growth. Server products revenue including Windows and SQL server grew 11%, thanks to Windows Server 2008 and SQL Server 2008 end of support.

The gross margin dollars of this division grew 30%. The gross margin percentage increased because of material improvements in Azure gross margin offset by an increased mix of cloud offerings.

Some links in the article may not be viewable as you are using an AdBlocker. Please add us to your whitelist to enable the website to function properly.

Related
Comments