Microsoft revenue exceeds $100bn boosted by cloud services

Microsoft revenue exceeds $100bn boosted by cloud services

Analysts predicted earnings of $1.08 per share on $29.22 billion in revenue. Really good. According to Microsoft, it earned a net income of $8.9 billion and a revenue of $30.1 billion for the quarter, which ended on June 30.

Microsoft now has three reporting segments: Productivity and Business Processes (covering Office, Exchange, SharePoint, Skype, and Dynamics), Intelligent Cloud (including Azure, Windows Server, SQL Server, Visual Studio, and Enterprise Services), and More Personal Computing (covering Windows, hardware, and Xbox, as well as search and advertising).

"We had an incredible year", chief executive Satya Nadella said in a release.

Several key businesses in Microsoft's portfolio saw sales gains during the quarter, including its expanding commercial cloud business, which jumped 53 percent to $6.9 billion. It was up 23 percent YoY to $9.6 billion for the quarter, and reached $32.2 billion for the year, marking a 15 percent increase.

Speaking to financial analysts on a conference call, Nadella made a point of praising Azure, noting Microsoft's recently signed mega-deal with Walmart to provide all of the cloud backend for the U.S. big-box behemoth.

Microsoft reported net income of $16.6 billion for the fiscal year on revenue that rose 14 percent to $110.4 billion. Without the charge, yearly income was up 17 percent to $35.1 billion. LinkedIn revenue grew 37 percent to $1.46 billion, and the company took an operating loss of $182 million, down from $353 million a year ago.

Revenue in Personal Computing was $10.8 billion and increased 17 per cent. Gaming revenue increased 39 per cent, with Xbox software and services revenue growth of 36 per cent.

Intelligent Cloud grew by 23% (20% CC), making it the fastest growing chunk of Microsoft's business, once again.

The Windows maker posted earnings of $1.14 per share on $30.1 billion of revenue. Azure revenues were up 89 per cent, while enterprise services was up 7 per cent.

Switching gears to the More Personal Computing category, revenue increased by 17 percent, moving up to $10.8 billion.

Microsoft also reported strong growth from other areas of its business, including social networking, gaming, and hardware.

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