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Microsoft posted the third quarter results

Microsoft posted the third quarter of its 2018 financial results reporting revenue of $26.8 billion and net income of $7.4 billion.

Income has actually jumped 16 percent year-over-year, and earnings is up an enormous 35 percent. As ever, Microsoft's Office and cloud bets are paying off once again, but surprise boosts in LinkedIn and Surface income are also playing their part in making sure Microsoft has a diverse quantity of successful services and products.

Microsoft now has more than 135 million active Office 365 business users, together with 30.6 million Office 365 customer subscriptions. Microsoft's overall server products and cloud services income increased 20 percent year-over-year, thanks mainly to a 93 percent jump in Azure income.

While Surface didn't make any huge income gains in the previous holiday quarter, it's up 32 percent year-over-year in this newest quarter. 

Microsoft has actually been readying for a video gaming future beyond the Xbox, with cloud subscription services being a crucial target. Xbox software and services income has actually grown 24 percent, and overall Xbox Live active users hit 59 million this quarter. That's the exact same as the recent holiday quarter, but it's an increase of 13 percent year-over-year. Microsoft isn't exposing Xbox hardware income anymore, so it's still difficult to tell how well the Xbox One X launch has actually been going as the company bundles that information into overall "gaming income" now.

LinkedIn has actually now been included in Microsoft's revenues reports for a complete year now, and the social media network was accountable for $1.3 billion of income this quarter. That's a 37 percent increase from the exact same duration last year, and an early sign that Microsoft's $26 billion information and social networking bet might pay off.

Microsoft might be ready to think about a world beyond Windows, but that does not indicate its operating system isn't important to the company's overall income. Pro licenses of Windows grew 11 percent this quarter, thanks to what Microsoft refers to as a "strengthening commercial PC market." While business PCs might be in demand, non-pro licenses of Windows dropped 8 percent. Microsoft blames pressure from entry level devices with lower license expenses, and the company continues to fight against competition from Google's low-priced Chromebooks.

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