Did you know? Dynamics 365 drives Microsoft revenue growth
For those who missed it, in fiscal year 2023, Microsoft achieved remarkable results (and hence the $3 Trillion+ market cap today). The company reported a record $211 Billion in revenue and over $88 Billion in operating income.? In more recent quarters, Dynamics products and cloud services revenue increased 21% with Dynamics 365 revenue growth of 27%.
Here are some key highlights related to Dynamics 365 last quarter:
1.????? Revenue Growth: Dynamics products and cloud services revenue increased by 28%. This growth underscores the continued adoption and relevance of Dynamics 365 in the market.
2.????? Operating Income: The operating income for Dynamics also saw a significant boost, increasing by 15%.
3.????? Gross Margin: The gross margin also expanded, driven by growth in Office 365 Commercial 9% and LinkedIn 9%, as well as a change in accounting estimate.