Microsoft Corporation Sales Rise Up To 13% With The Growing Demand Of Cloud Services
Microsoft has just beaten Wall Street naysayers' prediction of a proverbial death after the company made a successful turnaround of its business strategy which yielded a highly positive earnings results for the second-quarter of 2016.
According to The Motley Fool, Microsoft earned $0.78 a share beating pessimistic expectations of just $0.71 per share. Adjusted revenue is at $25.69 billion against pundits' revenue estimate of just $25.26 billion. Reported net profit was $6.3 billion which was higher than last year's net income of $5. 86 billion.
The higher-than-expected earnings report was a result of the company's recent streamlining of its operations, re-orientation of its growth strategy, and capitalizing on a constant demand for its cloud services.
When Satya Nadella took over the reins of leadership as CEO, he redirected Microsoft's growth and innovation strategy by focusing its resources on cloud and mobile-related services amid a decline in traditional software business.
"The enterprise cloud opportunity is massive, larger than any market we have ever participated in," remarked Nadella as quoted saying by Reuters.
Nailing the cloud market has been Microsoft's persistent objective with more than a third of Fortune 500-listed companies using its Enterprise Mobility solutions.
"Businesses everywhere are using the Microsoft Cloud as their digital platform to drive their ambitious transformation agendas. Businesses are also piloting Windows 10, which will drive deployments beyond 200 million active devices," said Nadella as mentioned in a report by Value Walk.
Microsoft established its reputation by positioning itself as the dominant force in PC-based software industry. In an age where an increasing number of people ditch PCs for mobile internet devices, Microsoft was compelled to make aggressive changes in order to stay relevant in an environment where innovation is the only means of survival.
