Microsoft revenue up 12%: 5 notes

Microsoft released results from its fourth quarter ending on June 30. Revenue grew 12 percent above last year's fourth quarter, to $51.9 billion.

“In a dynamic environment we saw strong demand, took share, and increased customer commitment to our cloud platform. Commercial bookings grew 25 percent, and Microsoft Cloud revenue was $25 billion, up 28 percent year over year,” Amy Hood,  Microsoft executive vice president and CFO, said in a July 26 company news release. “As we begin a new fiscal year, we remain committed to balancing operational discipline with continued investments in key strategic areas to drive future growth.”

Five more notes on fourth quarter results:

 

  1. World events, such as the continued lockdown in China and Microsoft’s decision to scale down operations in Russia, played a significant role in the quarter's business strategy.
  2. LinkedIn revenue increased 26 percent.
  3. Advertising revenue from search and news increased 18 percent.
  4. Windows original equipment manufacturer revenue fell 2 percent.
  5. Operating income increased by 19 percent, to $193.8 billion.


Read the full report here.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars