Microsoft declares $6.1billion profits in Q1 of 2019 fiscal year

Microsoft returned $6.1 billion to shareholders in the form of dividends and share repurchases in the first quarter of fiscal year 2019, an increase of 27% compared to the first quarter of fiscal year 2018.

This was made known in a statement released in Washington.

Microsoft said Revenue in Productivity and Business Processes was $9.8 billion and increased 19% (up 18% in constant currency); while Intelligent Cloud was $8.6 billion and increased 24% (up 24% in constant currency).

Personal Computing was $10.7 billion and increased 15% (up 15% in constant currency).

“We are off to a great start in fiscal 2019, a result of our innovation and the trust customers are placing in us to power their digital transformation,” said Satya Nadella, chief executive officer of Microsoft.

“We’re excited to help our customers build the digital capability they need to thrive and grow, with a business model that is fundamentally aligned to their success.”

Amy Hood, executive vice president and chief financial officer of Microsoft, was very optimistic.

“Our record results for Q1 reflect our commitment to long-term strategic investments and consistent execution to drive revenue growth and operating margin expansion,” she said.

“We see continued demand for our cloud offerings, reflected in our commercial cloud revenue of $8.5 billion, up 47% year over year.”