(Reuters) – Microsoft reported better-than-expected quarterly adjusted revenue, boosted by burgeoning demand for its cloud products, sending it shares (MSFT) soaring more than 6% in extended trading on Thursday.
The results were the first under a new financial reporting structure announced last month that reduced reporting segments to three from six.
Excluding the impact of the strong dollar, revenue in the business rose 14%.
The company said Office 365, another key cloud-based offering, had about 18.2 million consumer subscribers at the end of its first quarter, an increase of about 3 million from the end of the preceding quarter.
Microsoft launched Windows 10, its first new operating system in almost three years, in July. The system, seen as critical for the company, won positive reviews for its user-friendly and feature-packed interface.
Excluding the impact of the strong dollar, revenue in the business fell 13%.
Net income rose to $4.62 billion, or 57 cents per share, in the three months ended Sept. 30, from $4.54 billion, or 54 cents per share, a year earlier.
Adjusted revenue fell to $21.66 billion, also from $23.20 billion. Analysts on average were expecting revenue of $21.03 billion, according to Thomson Reuters I/B/E/S.
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