Microsoft earnings up 21%, led by $11.6B in cloud revenue

Microsoft reported double-digit year-over-year increases in revenue, earnings and operating income for the quarter ended Sept. 30, according to an Oct. 23 earnings release.

The Redmond, Wash.-based company's earnings for the quarter — the first of Microsoft's fiscal year 2020 — totaled $10.7 billion, an increase of 21 percent year over year. Overall revenue for the quarter was $33.1 billion, up by 14 percent compared to the same period in 2018.

More than one-third of that revenue came from the company's commercial cloud products and services, which generated $11.6 billion in revenue, a 36 percent year-over-year increase, Amy Hood, Microsoft's CFO and executive vice president, said in the release.

Within that sector, the Azure cloud computing service saw revenue growth of 59 percent. The quarter saw the launch of the Azure platform at Renton, Wash.-based Providence, formerly Providence St. Joseph Health, as well as a partnership between Microsoft Azure and Imprivata for increased cloud access security.

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