Microsoft 1Q18: Office 365 is booming, Azure continues to climb

(credit: Julien GONG Min)

Microsoft has posted its results for the first quarter of its 2018 financial year. Revenue was $ 24.5 billion, an increase of 12 percent year on year, with an operating income of $ 7.7 billion, up 15 percent, a net income of $ 6.6 billion, up 16 percent, and earnings per share of $ 0.84, up 17 percent.

Microsoft currently has three reporting segments: Productivity and Business Processes (covering Office, Exchange, SharePoint, Skype, and Dynamics), Intelligent Cloud (including Azure, Windows Server, SQL Server, Visual Studio, and Enterprise Services), and More Personal Computing (covering Windows, hardware, and Xbox, as well as search and advertising).

The company also continues to report numbers from LinkedIn both as part of the Productivity group and independently. No year-on-year numbers are offered for the social network, as it still hasn’t been under Microsoft ownership for a full year. LinkedIn had revenue of $ 1.1 billion, with a cost of revenue of $ 0.4 billion and operating expenses of $ 1.0 billion, for a total loss of $ 0.3 billion.