Microsoft Corp. (NASDAQ:MSFT)
Microsoft Corporation’s focus and investment in their Intelligent Cloud continues to be beneficial with overall segment revenue growth of 15% to $7.8B. This was driven by Azure revenue growth of 98% with computer usage more than doubling year over year. Adjusting for the $13.8B net charge related to the Tax Cuts and Jobs Act, net income grew 20% in the quarter to $7.5B. Management has done an excellent job transforming the company to the cloud over the past three years.
From Jeff Auxier (Trades, Portfolio)'s first-quarter 2018 shareholder letter.
