The US tech giant passed the mark briefly on Thursday, before its share price fell back. The companies and Amazon.com have taken turns in recent months to rank as the world's most valuable US-listed company.
Shares rose 3 percent after the bell, adding to the about 23 percent gain so far this year. Analysts were predicting cloud revenue of $9.30 billion. Office 365 Commercial saw revenues grow by 12 percent YOY while Office 365 Consumer revenue jumped by 8 percent. The company's Commercial Cloud business is one reason UBS analyst Jennifer Swanson Lowe, who has a $125 price target on the stock, remains optimistic on Microsoft heading into the quarter. Mike Spencer, Microsoft's head of investor relations, said the decline was roughly in line with the company's estimate.
Federal Bureau of Investigation witness testifies he paid Ex-Bills DE Aaron Maybin in college
It's alleged in some instances Blazer paid the players through cash payments to an associate or family member. The player, Blazer testified, chose to turn pro anyway and was the No. 11 overall pick that year.
Azure growth is decelerating a bit. A growing proportion of Microsoft's software sales are billed as recurring subscription purchases, which are more reliable than one-time purchases. To hit $1 trillion, the share price needs to hit $130.038, which it flirted with last night and has already hit a couple of times this morning, although now it's trading at $130.18. It handily beat Wall Street estimates of $29.84 billion.
"Demand for our cloud offerings drove commercial cloud revenue to $9.6 billion this quarter, up 41 percent year-over-year", added Amy Hood, executive vice president and chief financial officer of Microsoft.
Microsoft sees its productivity and business processes unit, mostly Office software, reaching revenue of $10.6 billion to $10.8 billion in the fiscal fourth quarter, Hood said.
Premier League title race: Final day decider would be pretty special - Klopp
Pogba is the only player in the team outside of the top two, with Man City having six players selected and Liverpool four. Klopp stated: "We had enough time to recover after the last game, we have enough time to recover for the next game".
Microsoft's latest results contained two weak spots. Overall gaming revenue was up 5 percent to $2.4 billion, with increased software and services revenue-up by 12 percent-more than offsetting a decrease in hardware revenue.
On Wednesday, Microsoft said profits in the quarter to March 31 rose 19 per cent to $8.8 billion on revenues of $30.8 billion, an increase of 14 per cent from the same period a year earlier.
E coli outbreak hits 10 states; ground beef recalled
The Centers for Disease Control and Prevention said 156 people in 10 states have been infected with the outbreak strain of E. This recall came after the CDC, USDA and Tennessee Department of Health tracked cases to a Tennessee restaurant.