Microsoft’s recent earnings report was met with some disappointment from investors, as the company’s guidance for next quarter fell short of expectations. However, there are several positives that tech investors should take away from this report.
First and foremost is Microsoft’s continued success in cloud computing services. The company reported a 51% increase in revenue for its Azure cloud platform compared to last year, showing that it remains one of the leading providers in this space. Additionally, their Office 365 subscription service saw an impressive 34% growth over the same period last year – further evidence that customers continue to be drawn towards Microsoft’s suite of products and services.
Another positive point highlighted by management was the strong performance of LinkedIn which has seen significant increases across all metrics since being acquired by Microsoft back in 2016; including a 37% jump in revenue compared to 2018 figures and an 18% increase in page views per member during 2019 alone! This shows just how important LinkedIn has become within Microsoft’s portfolio and demonstrates its potential as a key driver for future growth going forward into 2020 and beyond.
Finally, despite falling slightly below analyst estimates due to macroeconomic headwinds such as Brexit uncertainty; overall revenues still increased by 13% year over year and the company continues to invest in new technology and innovation to drive growth and increase competitiveness in the market.
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