Microsoft’s cloud bet continues to pay off in latest earnings

Microsoft posted its second quarter of its 2018 financial results today, reporting revenue of $28.9 billion and net income of $7.5 billion. Revenue has jumped 12 percent year-over-year during the holiday quarter, and the trend of Microsoft’s success with the cloud has continued. This time around, Azure revenue has increased by a massive 98 percent.

Surface revenue is up just 1 percent, probably due to the only new Surface device in the quarter being the Surface Book 2 that launched in mid November. Microsoft refreshed its Surface Pro and introduced a new Surface Laptop earlier in 2017. Windows OEM revenue is up 4 percent year-over-year, but Windows commercial products and cloud services revenue decreased 4 percent due to what Microsoft...

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