Four things to know about the Redmond, Wash.-based tech giant’s financial performance:
1. The company posted $32.5 billion in revenue for the quarter, up 12 percent from $28.9 billion it reported during the second quarter of 2018.
2. Microsoft attributed its second-quarter growth to its cloud segment. Microsoft doesn’t disclose exact figures for revenue from individual products, but reported 76 percent growth in Azure, its cloud service.
“Our strong commercial cloud results reflect our deep and growing partnerships with leading companies in every industry including retail, financial services and healthcare,” Microsoft CEO Satya Nadella said in a news release. “We are delivering differentiated value across the cloud and edge as we work to earn customer trust every day.”
3. The company reported $9 billion in revenue from its commercial cloud category during the second quarter, an increase of 48 percent year-over-year. Commercial cloud includes the company’s Azure service and commercial subscriptions to Office 365 software.
4. Microsoft posted $10.3 billion in operating income, an 18 percent rise from the $8.7 billion the company reported during the same period in last year.
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