14 DAY TRIAL // Microsoft has reported the financial results for the quarter ended June 30, 2019, revealing that the performance in this fourth quarter helped it achieve a record fiscal year.
The software giant says revenue was up 12% in FY19 Q4 to reached $33.7 billion, while operating income jumped 20% to $12.4 billion. For the full year, revenue increased 14% to total $125.8 billion, while operating income was $43 billion, which is up 23%.
“It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry,” said Satya Nadella, chief executive officer of 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. This commitment to our customers’ success is resulting in larger, multi-year commercial cloud agreements and growing momentum across every layer of our technology stack.”
Gaming decline
Windows OEM revenue increased no less than 9% during the quarter, while Surface revenue was up 14%, which confirms that despite not receiving major upgrades, the Surface lineup continues to record high sales. Overall, the More Personal Computing revenue increased 4% to reach $11.3 billion.
Revenue in the Productivity and Business Processes was up 14% to $11 billion, and LinkedIn managed to grow no less than 25%. Office consumer products are also more and more successful, as they recorded a 6% increase, with subscriber count now at 34.8 million.
Needless to say, cloud services continue to bring home the bacon, and Microsoft says Azure revenue improved by no less than 64%.
“Q4 commercial cloud revenue increased 39% year-over-year to $11.0 billion, driving our strongest commercial quarter ever,” said Amy Hood, executive vice president and chief financial officer of Microsoft.
Gaming was the only business to go down the last quarter, with an overall decline of 10%, while Xbox software and services revenue dropped 3%.