Microsoft: AI, IoT, edge, push latest revenues – Nadella speaks Internet of Business

Microsoft has reported strong Q3 results that beat analyst expectations, with revenues of $26.8 billion, up 16 percent year on year, or 13 percent in constant currency. Productivity and business processes revenues were up 14 percent at $9 billion; Office 365 commercial products and cloud services revenue grew 12 percent overall; Intelligent Cloud revenues hit $7.9 billion, up 15 percent year on year, while Azure revenues saw growth of 93 percent – having logged over over 90 percent growth for ten consecutive quarters. CEO Satya Nadella hailed the results, and suggested that AI, intelligence, edge computing, and the IoT stand at the core of the company's repositioning in recent years – which has taken place under his leadership. "It was another strong quarter, the result of picking the right secular trends," he said. "The intelligent cloud and the intelligent edge era is already upon us. It represents a tremendous opportunity. We took significant steps this quarter to put this at the forefront of everything we do, realigning our entire engineering organisation to accelerate innovation and better serve the needs of customers and partners."