Microsoft registered a 14 percent increase in revenue — totaling $36.9 billion — in its fiscal year 2020 financial report for the second quarter, which ended Dec. 31, 2019.
In the financial report, released Jan. 29, Microsoft's net income was $11.6 billion, a 38 percent increase year over year. Similarly, operating income totaled $13.9 billion, representing a 35 percent increase year over year.
"We are innovating across every layer of our differentiated technology stack and leading in key secular areas that are critical to our customers' success," said Microsoft CEO Satya Nadella. "Along with our expanding opportunity, we are working to ensure the technology we build is inclusive, trusted and creates a more sustainable world, so every person and every organization can benefit."
Microsoft's cloud business saw the most growth at 27 percent year over year. For the quarter, the company reported revenue of $11.9 billion.
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