Published: Fri, July 20, 2018
Economy | By Shawn Conner

Microsoft revenue exceeds $100bn boosted by cloud services

Microsoft revenue exceeds $100bn boosted by cloud services

The company reported fourth quarter net income of $8.9 billion, or $1.14 a share, on revenue of $30.1 billion, up 17 percent from a year ago.

These bumper numbers can largely be credited to the seemingly unstoppable growth of the company's cloud biz, which is up 23 per cent compared to previous year.

Revenue for the company's cloud computing service, Azure, grew 89% year over year, driving the company's revenue growth for its server and cloud division to 26%.

"Our early investments in the intelligent cloud and intelligent edge are paying off, and we will continue to expand our reach in large and growing markets with differentiated innovation", the chief executive officer, Satya Nadella, said in a statement.

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MSFT could exceed expectations meaningfully in the quarter, especially in its More Personal Computing business segment which includes Windows.

Surface revenue grew by a huge 25% (21% CC), with Microsoft saying that the latest editions are performing strong over a weaker quarter a year ago. Sales of Office 365 software rose by 38 per cent.

"In gaming, we're pursuing our expansive opportunity from the way games are created and distributed, to how they're played and viewed, surpassing ten billion revenue this year for the first time".

Intelligent cloud revenue was up 23 percent to $9.6 billion, with operating income up 34 percent to $3.9 billion.

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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.

More Personal Computing logged $42.2bn in revenues on the year, up 7 per cent from $39.3 the prior year - every quarter of the year, the Surface line hauled in $1bn in sales, we noted. That's down slightly from an increase of 93 that the business reported in the third quarter.

Azure and its cloud compute operation was singled out in Redmond's financial figures - released on Thursday - as one of Microsoft's top performers both in the full year and the past three months.

Other standouts include revenue from LinkedIn, up 37% from the same time past year, and gaming revenue, up 39%, with Xbox software and services up 36%.

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The numbers boded well for Microsoft's biggest acquisition in recent years, of professional networking site LinkedIn.

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