San Francisco: Driven by growth in its
Cloud and Surface laptop segments, Microsoft has posted revenue of $33.7
billion and net income of $13.2 billion for its fourth quarter that
ended on June 30.
For its entire fiscal year 2019, Microsoft
reported revenue of $125.8 billion which increased 14 per cent and $39.2
billion net income - setting a new record fiscal year for the company.
was a record fiscal year for Microsoft, a result of our deep
partnerships with leading companies in every industry," said Satya
Nadella, CEO, Microsoft.
"Every day we work alongside our
customers to help them build their own digital capability - innovating
with them, creating new businesses with them, and earning their trust,"
he said in a statement late on Thursday.
Microsoft that continues
to be valued as a $1 trillion company returned $7.7 billion to
shareholders in the form of share repurchases and dividends in the
fourth quarter of fiscal year 2019.
"Q4 commercial cloud revenue
increased 39 per cent year-over-year to $11 billion, driving our
strongest commercial quarter ever," said Amy Hood, executive vice
president and chief financial officer of Microsoft.
Revenue in Productivity and Business Processes was $11 billion and increased 14 per cent.
Commercial products and cloud services revenue increased 14 per cent
driven by Office 365 Commercial revenue growth of 31 per cent.
Microsoft Office 365 now has a base of 34.8 million subscribers.
revenue increased 25 per cent, with record levels of engagement
highlighted by LinkedIn sessions growth of 22 per cent," said the
Revenue in Intelligent Cloud was $11.4 billion and increased 19 per cent, driven by Azure revenue growth of 64 per cent.
commitment to our customers' success is resulting in larger, multi-year
commercial cloud agreements and growing momentum across every layer of
our technology stack," said Nadella.
Revenue in personal
computing was $11.3 billion and increased four per cent. Surface revenue
was up by 14 per cent in the fourth quarter.
Gaming revenue, however, declined 10 per cent, with Xbox software and services revenue down three per cent.