Microsoft has published its financial statements for the first quarter of 2019. So, according to the report on financial results, for three months of the current year, the company increased its total revenue by 14%.
In addition, during additional trading, the company’s shares jumped by 4%, helped by the constant increase in the popularity of new products such as Microsoft Azure and Office 365. Due to these factors, Microsoft’s market capitalization has reached $ 1 trillion, which previously only two companies managed to do Apple and Amazon. We can safely say that such success was possible due to significant changes in the company’s strategy, after Satya Nadella was appointed as the company’s general director.
To a greater extent, these indicators were achieved due to the ever-growing demand for cloud services and Microsoft products. Revenue for commercial cloud services was $ 9.6 billion, which is 41% higher than in 2018. We also note that the number of users of Office 365 increased to 34.2 million, and revenue from commercial use by 30% over the same period in 2018. Revenue division, which is developing Windows, Xbox game consoles and devices Surface, increased by 8% to $ 10.7 billion.