Cloud growth buoys Microsoft while revenue shrinks

Microsoft’s cloud successes buoyed the company through its last quarter, which was otherwise a mixed financial bag.

Revenue fell more than 12 percent from a year earlier to $ 20.4 billion, though profit grew almost 2 percent to $ 4.62 billion. 

Like other companies, Microsoft cited currency exchange rates for its revenue drop. They had a pronounced effect on some of the company’s key metrics. For example, Office commercial products and cloud services revenue declined 2 percent, but grew by 5 percent when evaluated on a “constant currency” basis, which is a metric designed to smooth over the impacts of currency fluctuations.

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InfoWorld Cloud Computing

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