Revenue was $30.1 billion (up 17 percent, year on year), operating income was $10.4 billion (up 35 percent), net income was $8.8 billion (a rise of 10 percent), and earnings per share were $1.14 (an increase of 11 percent).
The Redmond tech company announced a revenue bump of more than 17 percent to $30.1 billion for its fourth quarter of the year, continuing its recent trend of beating Wall Street analyst expectations almost every period.
"We had an incredible year, surpassing $100 billion in revenue as a result of our teams' relentless focus on customer success and the trust customers are placing in Microsoft", said Satya Nadella, CEO, Microsoft.
Microsoft's cloud trip has been expensive but is proving to be worth the price.
Microsoft posts bumper Q4, with Windows, Surface, Azure all up
Revenue in a productivity and business processes category that included career-focused social network LinkedIn was up 13 percent in the quarter to $9.7 billion (roughly Rs. 66,800 crores), according to Microsoft. 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. A large reason for that is the continued strength of Microsoft's cloud and Office efforts, which have been exceptional performers for the company for some time. Notably, this is Microsoft's first earnings report since announcing its intent to acquire code-sharing startup GitHub for $7.5 billion.
As more people used Bing, the search revenue (excluding traffic acquisition costs) also grew, so it looks like things are moving in the right direction.
The Windows maker posted earnings of $1.14 per share on $30.1 billion of revenue. Interestingly, Microsoft's More Personal Computing business was up 17% year-over-year, raking in $10.8 billion, and showing that Microsoft still relies on the segment for its overall revenue. But the star, as always, was Azure, which grew revenues 89 percent. Even though Microsoft didn't release any new devices this quarter, the company has put out a number of Surface gadgets in recent months and sales are still going strong.
On the gaming side, which includes everything from Xbox hardware to Xbox Live subscriptions to revenue from games made by Microsoft as well as other studios, the company reported its first ever $10 billion year.
Trump Says He's 'Not Thrilled' About US Interest Rate Hikes
Trump, in an interview with CNBC , said he does not approve, even though he said he "put a very good man in" at the Fed in Powell. Trump told CNBC that he's " not thrilled " with Fed Chairman Jerome Powell, who he appointed, over the central bank's rate hikes.
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