- Business and Employment
Microsoft Q3, 2016:20.5 billion, revenue of 3.8 billion profit, selling 2.3 million Lumia, 61% increase Surface
Microsoft has just put out a report for the 3rd quarter of the fiscal year 2016, according to which the company has earned 20.5 billion in revenue, down 6% from the same period last year. Operating profit from the company's main business in this period is 5.3 billion, down 20% compared with the recoveries in 2015, while the net profit was 3.8 billion, decreased by 25%. Revenue from the plate Surface continues impressive growth rates of 61% compared to the previous year thanks to the Surface Pro 4 and Surface Book, while the array of phones plummeted 46% and have yet to see signs of recovery. More specifically, in three months, and then Microsoft only sold 2.3 million units Lumia, 73% drop compared with the figure of 8.6 million of the same period last year. In fact, this is not too surprising that the phone no longer is the focus of the company in the near future. The money earned from the sale of copyright for Windows computers also fell 2%, but Microsoft said the figure was better than an average PC market.
Both the company's cloud Division earned 6.1 billion, an increase of 3%, of which the most impressive are the Azure cloud computing service with 120% growth. Microsoft also said, adding that they are currently 22.2 million users of Office 365, revenue from the Office product for business also grew 7%. Here is the array that Microsoft's focus at the moment, according to the strategy of "cloud first mobile first", and they all showed the airline go under his direction. However, Wall Street investors were still not satisfied and they are expecting the Microsoft stock price will rise to near record levels by 1999