"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", he said in a statement late on Thursday.
Net income was $13.2 billion (GAAP), up from $8.9 billion past year. "Q4 commercial cloud revenue increased 39 percent year-over-year to $11.0 billion, driving our strongest commercial quarter ever", said CFO and EVP Amy Hood. The segment's revenue was $11.4 billion, up 19 percent from a year ago. For comparison, Microsoft reported server products and cloud services revenue growth of 27% (up 29% in constant currency) and Azure revenue growth of 73% (up 75% in constant currency) in the last quarter.
Office 365 consumer subscribers are no up to 34.8 million.
Microsoft's strong revenue continues to demonstrate that the company is "a clear victor in the digital transformation trend that corporations of all sizes are now undertaking", said Brad Reback, an analyst at Stifel, Nicolaus & Co.
Microsoft's Intelligent Cloud business segment contributed $11.39 billion in revenue in the quarter versus the $11.02 billion expected by analysts polled by FactSet. During the fiscal year that just ended, "we closed a record number of multi-million dollar commercial cloud agreements, with material growth in the number of $10 million plus Azure agreements", she said.
The unit known as More Personal Computing, including Windows software, Surface hardware and Xbox gaming products, saw revenue climb 4 per cent to US$11.3 billion in the recent period. Most notably, dragging that number down was Microsoft's gaming revenue, which declined 10 percent overall.
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Expect the Eagles , with quality depth at running back, to prioritize Sproles' health first and foremost this season. The past two seasons have been the toughest of Sproles' career, as he's battled injuries and lack of playing time.
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However, one thing we're definitely expecting is the for the new gaming device to equip the new Snapdragon 855 Plus chipset. The company took help of Weibo for announcing the release of new Black Shark 2 Pro at price of 580$ on July 30 in China.
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Jeremy Renner came on stage and revealed the previously undisclosed title of the Hawkeye Disney+ original series. He then brought out two-time Oscar-winning Mahershala Ali to reveal that he's playing Blade .
Microsoft has been gaining ground on its chief rival, however, thanks to its strategy of bundling its Azure computing services, which are mainly used by developers, with software products such as its Office productivity suite for end-users.
Nearly all aspects of Microsoft's business grew in the June quarter.
The company's shares rose 2 percent after it released the results that beat market expectations Thursday.
Synergy Research Group analyst John Dinsdale says Microsoft is still a long away behind Amazon but well ahead of the rest of the pack as a provider of cloud infrastructure services.
Surface revenue growth was "surprising" considering the overall personal computer market was flat, according to Moorhead. Now, the tech giant boasts a market cap more significant than that of Amazon and Apple.
AT&T was the first U.S. operator to switch on 5G, and is anticipating a huge growth in mobile data in coming years that will be supported by Azure and other Microsoft technologies.