Results for the quarter ended March 31, 2019:

• Revenue is $30.6 billion and increased 14%
• Operating income was $10.3 billion and increased 25%
• Net income was $8.8 billion and increased 19%
• Diluted earnings per share was $1.14 and increased 20%

Microsoft returned $7.4 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2019.

“Demand for our cloud offerings drove commercial cloud revenue to $9.6 billion this quarter, up 41% year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft. “We continue to drive growth in revenue and operating income with consistent execution from our sales teams and partners and targeted strategic investments.”

• Office Commercial products and cloud services revenue increased 12% (up 14% in constant currency) driven by Office 365 Commercial revenue growth of 30% (up 31% in constant currency)
• Office Consumer products and cloud services revenue increased 8% (up 10% in constant currency) and Office 365 Consumer subscribers increased to 34.2 million
• LinkedIn revenue increased 27% (up 29% in constant currency) with record levels of engagement highlighted by LinkedIn sessions growth of 24%
• Dynamics products and cloud services revenue increased 13% (up 15% in constant currency) driven by Dynamics 365 revenue growth of 43% (up 44% in constant currency)

Main income increases are price hikes in cloud business, government contracts for clouds (moving from smaller firms who managed local datacenters), price hikes for Office 365, moving lot of government owned offices to subscription based products inducing enormous damage and big profits for Microsoft.

All profits + few extra bank credits moved via buybacks to largest investors.