Microsoft Q3 FY 2017 earnings: Cloud saves the day, but Windows smartphones to get the boot

Riding on its Cloud services, Microsoft has announced that its commercial Cloud annualised revenue run rate exceeded $15.2 billion in the third quarter of 2017. Revenue in Intelligent Cloud was $6.8 billion and increased 11 per cent. Server products and Cloud services revenue increased 15 per cent driven by Azure revenue growth of 93 per cent. Enterprise Services revenue decreased one per cent with declines in custom support agreements offset by growth in premier support services and consulting. Our results this quarter reflect the trust customers are placing in the Microsoft Cloud. From large multi-nationals to small and medium businesses to non-profits all over the world, organisations are using Microsofts Cloud platforms to power their digital transformation, Satya Nadella, Chief Executive Officer at Microsoft, said in statement on Thursday.

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