Microsoft has reported a profit of $3.8 billion for the quarter ended March 31, 2016 (Q3 FY16), a 25% decline from $5 billion last year. The total revenues for the quarter stood at $20.5 billion, down 6% from $21.72 billion the corresponding quarter last year. The operating income of the company stood at $5.3 billion, a 20% decline from $6.6 billion last year. Here are a few takeaways from their earnings and call with analysts: Cloud business: Azure revenue grew 120% with the usage of the platform doubling year over year. Microsoft CEO Satya Nadella said that “The IoT market is expanding as companies look to deliver new services and value. Our new Azure IoT suite streamlines the process of building IoT applications and acts as the hub for managing and monitoring millions of assets. Each week more than two trillion IoT messages are processed by Azure.” He added that Microsoft had expanded its Cortana Intelligence Suite, it's big big data and analytics service, to include over 20 cognitive services ranging from object and emotion recognition to text and linguistic analysis. Increase in Windows 10 adoption: Nadella mentions that Microsoft crossed over 270 million active devices running Windows 10 this month. He added that the US Department of Defense will upgrade all their devices to Windows this year. Window Store received more than 5 billion visits. Nadella said that Windows will now also focus on developer tools. “To this end we are making Windows and Azure the very best environment…
