• June 2018's top 10 Minecraft Marketplace creations: Enter the Summer Sale

    27 days ago - By Venture Beat

    The Minecraft Marketplace is about to get the followup on a serious 1-2 punch that could boost creator's revenues and downloads through the end of July. The Minecraft Team at Microsoft launched the first Minecraft Summer Sale today. As part of this event, most of the content on the Marketplace is getting a steep discount. While the Summer Sal...
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  • Microsoft profit up, aided by cloud rivalry with Amazon

    Microsoft profit up, aided by cloud rivalry with Amazon

    27 days ago - By Chron

    REDMOND, Wash. - Microsoft Corp. on Thursday reported quarterly profit of $8.9 billion, boosted in part by its efforts to rival Amazon as a key cloud computing provider for retailers and other businesses.
    The Redmond, Washington-based company said it had net income of $1.14 per share in the fiscal fourth quarter, which ended June 30. Earnings, adjusted for non-recurring gains, were $1.13 per share.
    The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
    The increase in net income was 10...
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  • Fortnite helps Xbox revenue jump 39% to $2.29 billion

    Fortnite helps Xbox revenue jump 39% to $2.29 billion

    27 days ago - By Venture Beat

    The Xbox division helped Microsoft grow its bottom line during the fourth quarter of its fiscal 2018, the company revealed during its quarterly financial report. Revenue from the video game business was $2.29 billion during the three-month period ending June 30. That's up 39 percent from the same period in the previous year. “Gaming rev...
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  • Microsoft caps off a fine fiscal year seemingly without any major missteps in its last quarter

    Microsoft caps off a fine fiscal year seemingly without any major missteps in its last quarter

    27 days ago - By Tech Crunch

    Microsoft is capping off a rather impressive year without any major missteps in its final report for its performance in its 2018 fiscal year, posting a quarter that seems to have been largely non-offensive to Wall Street.
    In the past year, Microsoft's stock has gone up more than 40%. In the past two years, it's nearly doubled. All of this came after something around a decade of that price not really doing anything as Microsoft initially missed major trends like the shift to mobile and the cloud. But since then, new CEO Satya Nadella has turned that around and increased the company's...
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  • Microsoft quarterly results beat as cloud revenue soars

    27 days ago - By Reuters

    Microsoft Corp on Thursday reported quarterly profit and revenue that beat analysts' estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
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  • Microsoft reports $30.1 billion in Q4 2018 revenue: Azure up 89%, Surface up 25%, and Windows up 7%

    Microsoft reports $30.1 billion in Q4 2018 revenue: Azure up 89%, Surface up 25%, and Windows up 7%

    27 days ago - By Venture Beat

    Microsoft today reported earnings for its fourth fiscal quarter of 2018, including revenue of $x billion, net income of $8.9 billion, and earnings per share of $1.14 (compared to revenue of $23.3 billion, net income of $6.5 billion, and earnings per share of $0.83 in Q4 2017). All three of the company's operating groups saw growth. Analysts had exp...
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