Microsoft Posts Monster Numbers for Quarter, Fiscal Year

Microsoft hits $100bn in revenue for the first time thanks to cloud, Surface growth

Despite continuing to invest in promising trends from cloud computing and artificial intelligence to gaming, Microsoft expected its profit margins to improve.

Microsoft exceeded $100 billion in yearly revenue for the first time in its history, the company reported Thursday.

"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.

But more important, "we expect strength in MSFT's Commercial Cloud business, supported by a favorable Enterprise IT spending cycle", writes Zelnick.

More Personal Computing continues to be the firm's biggest business, with $10.8 billion in revenues, up 17 percent year-over-year.

As usual, it was Microsoft's commercial cloud segment that covers Azure, Office 365, and Dynamics 365 that was responsible for a huge chunk of the revenue.

The company's flagship Azure cloud product recorded revenue growth of 89 percent in the fourth quarter ended June 30.

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Microsoft stock jumped more than 4% in after-hours trading as the company beat analyst expectations with earnings for the quarter of $8.8bn, or $1.14 per share.

Revenue in the company's More Personal Computing division, which includes its Windows PC business, Surface products and gaming teams jumped 17 percent over previous year to $10.8 billion.

Revenue for LinkedIn, the professional social networking site, increased 37% to $1.4bn, though the division saw an overall operating loss of $182m.

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. 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.

Microsoft returned $5.3 billion to shareholders in the form of dividends and share repurchases in the fourth quarter of fiscal year 2018, an increase of 16 per cent compared to the fourth quarter of fiscal year 2017.

Gaming revenue increased 39% with Xbox software and services revenue growth of 36%.

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