Microsoft cloud strength drives fourth quarter results
Microsoft has reported a strong Q4, boosted by commercial cloud revenue, which surpassed $50bn for the first time this year. All three of the company’s operating groups saw year on year growth.
Microsoft’s fourth quarter results showed that total revenue increased by 13 percent to $38bn, net income decreased 15 percent (GAAP) to $11.2bn, and operating profit increased by 8 percent to $13.4bn.
Satya Nadella, Microsoft chief executive officer said: “The last five months have made it clear that tech intensity is the key to business resilience. Organisations that build their own digital capability will recover faster and emerge from this crisis stronger. We are the only company with an integrated, modern technology stack – powered by cloud and AI and underpinned by security and compliance – to help every organisation transform and reimagine how they meet customer needs.”