Microsoft books higher revenue on cloud

James McGrath
By James McGrath | 24 April 2015
Source: Wikimedia Commons.

Microsoft's revenue is up quarter on quarter on the back of increased cloud product sales, but it would have been stronger if it weren't for that pesky US dollar.

It outlined a revenue of $US21.7 billion ($27.9 billion) for the first quarter, which was up 6% year on year.

However, with an increasing portion of its profits coming from overseas markets, a strong US dollar bit its results.

Without the exchange currency hit, its revenue would have grown by 9% year on year.

Microsoft put the growth in revenue down to more businesses electing to move infrastructure to Microsoft's cloud product.

Elsewhere, it grew its devices and consumer revenue grow by 8%, with highlights including a 35% growth in Office 365 subscribers.

It also said its advertising revenue was up 21% year on year, with Bing's share of the US market sitting at 20.1%.

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