Microsoft Generates $23 Billion in Quarterly Revenue, Unveils Cortana Thermostat

Microsoft announced financial results today for the quarter ended June 30, posting $23.3 billion in revenue, $6.5 billion of which was profit, driven by growth in the company’s cloud-based services.

“Innovation across our cloud platforms drove strong results this quarter,” said Satya Nadella, chief executive officer at Microsoft. “Customers are looking to Microsoft and our thriving partner ecosystem to accelerate their own digital transformations and to unlock new opportunity in this era of intelligent cloud and intelligent edge.”

Office consumer products and cloud services revenue increased 13%; server products and cloud services revenue increased 15%; and Dynamics 365 revenue grew 74%.

Microsoft’s annual earnings in a nutshell.

Microsoft’s fiscal year, which ended with this past quarter, saw revenue of $90 billion and income of $21.2 billion.

Beyond the company’s earnings report, Microsoft also unveiled a smart thermostat akin to Google’s Nest.

The thermostat technically belongs to systems supplier Johnson Controls, but leverages three Microsoft products: Windows 10 IoT Core, Cortana voice services, and Azure Cloud.

“Johnson Controls, one of the leading providers of HVAC, Fire and Security systems in the world, is changing how spaces are viewed and controlled,” said Microsoft. “As the inventors of the first thermostat, Johnson Controls has innovated once again with GLAS—a simple to use, elegant thermostat that brings leading energy savings and air quality monitoring to everyday spaces. Johnson Controls is reinventing the thermostat and our lives.”