Microsoft has published results for the first quarter of its fiscal year 2019, which runs through September 30, 2018. Revenue was $29.1 billion, up 19 percent from last year and a new record for the company's first quarter. Operating income rose 29 percent to $10.0 billion and net income rose 34 percent to $8.8 billion. Earnings per share rose 36 percent to $1.14.
Microsoft currently has three reporting segments: Performance and Business Processes (covering Office, Exchange, SharePoint, Skype, Dynamics and LinkedIn), Intelligent Cloud (including Azure, Windows Server, SQL Server, Visual Studio and enterprise services) and additional personal computing (covering Windows, hardware and Xbox, as well as search and advertising).
The productivity group's revenue rose 19 percent to $9.8 billion and operating profit rose 29 percent to $3.9 billion. Both commercial and consumer sales of Office grew 17 and 16 percent, respectively, and Office 365 continues to grow; The number of commercial locations grew by 29 percent compared to last year, and it now has more than 155 million monthly active users. Additionally, there are now 32.5 million consumer subscribers. The ongoing shift to the cloud caused Office perpetual license sales revenue to decline 12 percent. Dynamics revenue grew 20 percent, while LinkedIn revenue grew 33 percent.
Intelligent cloud revenue rose 24 percent to $8.6 billion, and operating income rose 37 percent to $3.0 billion. Azure revenue was up 76 percent year over year, server products revenue was up 10 percent, and enterprise services revenue was up 6 percent. The Enterprise Mobility Suite now has 88 million seats, up 59 percent year-over-year and 6 million seats sequentially.
