Facebook revenue for its fourth fiscal quarter of 2017, which ended December 31, hit $12.97 billion, up 48 percent from $8.8 billion for the same period in 2016.
LinkedIn contributed $1.3 billion to the top line, while Office 365 commercial revenue surged 41 percent and Dynamics 365 jumped 67 percent year-over-year. Enterprise Mobility is a strong growth area for Microsoft and their installed base increased to 60 million already.
Revenue was also a strong point for Microsoft as the company raked in $28.92 billion, well ahead of the $28.40 billion that analysts polled by Thomson Reuters were calling for. Profit also increased from $3.6 billion to $4.3 billion.
Without the big tax charge, Microsoft reported a profit of US$7.5 billion, compared with a profit of US$6.3 billion in last year's second quarter. Unfortunately, as we already reported, Surface sales were up only 1 percent, with only $1.3 billion in sales.
Revenue at Microsoft's Azure cloud computing division, a main focus for investors, grew 98 per cent during the quarter. However, Microsoft did post a loss of $6.3 billion for the quarter due to a one-time tax charge of $13.8 billion stemming from changes to the United States tax system.
Mesut Özil to extend contract with Arsenal
Ozil's contract at Arsenal is up in the summer and he wants his next contract to earn him £300,000 a week. He previously revealed his love for London and Arsenal in an interview with Goal previous year .
Microsoft Corporation shares were trading at $95.01 per share on Wednesday afternoon, up $2.27 (+2.45%). Analysts were calling for revenue of $7.51 billion in this segment, per FactSet.
Now commercial cloud revenue for Microsoft's second quarter was $5.3 billion, up 56 percent from a year ago. Overall, Microsoft (MSFT) reported better-than-expected earnings (http://www.marketwatch.com/story/shares-of-microsoft-slide-as-software-giant-reports-a-quarterly-loss-on-tax-cuts-2018-01-31) for its fiscal second quarter, even as the company reported a net loss because of a whopping $13.8 billion charge associated with changes in the USA tax code. The figure topped the FactSet consensus estimate of $12.02 billion.
"Our investments in IoT, data, and AI services...position us to further accelerate growth". Year-to-date, MSFT has gained 11.07%, versus a 5.64% rise in the benchmark S&P 500 index during the same period.
Gaming revenue grew by 8% (8% CC), which includes an impressive 14% growth (13% CC) in Xbox hardware, which is attributed to the Xbox One X launch in November.