Microsoft revenue exceeds $100bn boosted by cloud services

CEO Satya Nadella's got something to smile about

Revenues of $30.1bn were up 17 per cent from $25.6bn in Q4 2017.

Net income rose to $8.87 billion, or $1.14 per share, from $8.07 billion, or $1.03 per share, in the year-ago fourth quarter. This brings the total revenues for the fiscal year to a mightily-impressive $110.4 billion.

Productivity and Business Processes grew 13% (10% CC), with Office commercial aproducts growing by 10% (8% CC). Earlier this week, Microsoft said Walmart, an Amazon retail rival, signed a five-year cloud deal involving Azure and Office 365.

Last but not least is Microsoft's "More Personal Computing" division which includes the classics - Windows OEM and commercial as well as Xbox gaming groups and the Surface family of products.

While Microsoft arguably won the affection of writers and bloggers during E3 this year, the reality stands that its Xbox division has been struggling as of late to come up with enticing purchase offers in leu of actual well received first party titles.

Non-GAAP earnings per share were $3.88, up from $3.29 past year. Dynamics revenue was also up 11 percent.

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Surface revenue was up 25 percent from a year ago.

"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, chief executive officer of Microsoft.

"Microsoft continues to fire on all cylinders as the company benefits from its strong positioning across major secular compute themes (hybrid, intelligent cloud/intelligent edge, gaming).This, coupled with a favorable IT/macro environment, a Win10 replacement cycle, strong sales force execution and expense discipline, should enable Microsoft to continue to deliver accelerating operating profit and FCF generation in coming quarters".

Microsoft's full financial results are available on the company's investor relations site.

Nadella also noted that Azure was doing well with its on-premises Azure Stack offering and its connections to Windows Server.

"We expanded our global data centre footprint to 54 regions, more than any other cloud provider". "People are looking basically to lift and shift a lot of their datacenter workloads". Even if the latter is true, several of Microsoft's E3 2018 announcements all but outlined the company's plan to evolve the Xbox platform into something more platform agnostic, starting with its software and services.

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