Jul 21, 2017
Week in review, July 22
Revenues were up 4 per cent, excluding the addition of LinkedIn, which it acquired last year. Microsoft's total commercial cloud business, which includes Azure and software services such as Office 365 and Dynamics 365, recorded revenues of just under $15bn during the last fiscal year, according to Chris Suh, head of investor relations. The company has for years been hoping that new services such as cloud computing will compensate for the decline in its traditional core market, licensing Windows software to PCs. "We will continue to invest in key areas that drive future growth for Microsoft and our customers," Amy Hood, chief financial officer, said. Streaming income in the region grew 57 per cent last year, fuelling a 12 per cent rise in recorded music sales - double that of global gains. "During a conference call this week, Blackstone said it had no intentions to follow KKR's lead. Tony James, the company's president, said:"We have succession plans for every critical seat, going out years, and are comfortable that we have the best succession planning in the industry.
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