Microsoft reports $5.66bn Q1 net profitApril 25, 2014 - 10:16 AMT PanARMENIAN.Net - Microsoft reported net profit of $5.66bn in the first quarter, a decline from the same period last year but better than market estimates, according to BBC News. The software maker's efforts to move further into cloud computing - a move championed by new chief executive Satya Nadella - seem to be paying off. Azure, a cloud computing product, saw revenue grow 150%, Microsoft said. The company also said it added 1 million users to its subscription-based Office program for personal users. Microsoft sold in 2 million Xbox consoles, including 1.2 million Xbox Ones during the period. "We are making good progress in our consumer services like Bing and Office 365 Home, and our commercial customers continue to embrace our cloud solutions," said chief executive Satya Nadella, who replaced Steve Ballmer in February. However, Microsoft was hurt by declining personal computer sales, as users continue to shift to other technologies. Overall, profits declined by 6.5% compared to the same period last year. Microsoft shares rose close to 3% in after-hours trading. In a break from his predecessor, Nadella spoke on a call discuss the company's earnings. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |