Bonkers Azure bookings give Microsoft a record-breaking $110bn year

Cornelia Mascio
Luglio 20, 2018

Non-GAAP earnings per share was $1.13 up from $1.06 year-over-year and topping analyst estimates of $1.08. That's up from the same period a year ago, during which Microsoft brought in $25.6 billion in revenue and $8.1 billion in net income. He thinks Commercial Cloud revenue rose 51%, to $6.9 billion, including $4.2 billion of Office 365 revenue, and sales for Microsoft's Azure cloud business of $2.3 billion, up 84%.

"We had an incredible year", chief executive Satya Nadella said in a release.

"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 results-for both the quarter and the entire fiscal year-can only be described as astonishing, especially when you consider that Microsoft is in the midst of a transition from its old business model to one that is focused on cloud computing.

Results were just as impressive for the full fiscal year, which saw revenue hit a record-breaking $110.4 billion, up 14 percent from the $96.6 billion in FY2017.

Productivity and Business Processes grew 13% (10% CC), with Office commercial aproducts growing by 10% (8% CC). A large reason for that is the continued strength of Microsoft's cloud and Office efforts, which have been exceptional performers for the company for some time. Without that, the company would have been looking at a net income of $30.3 billion, up 18 percent on 2017.

Microsoft reports LinkedIn's revenue as part of the Productivity group, but it also breaks those numbers out separately: revenue was $1.5 billion, up 37 percent, with losses narrowing to $182 million, about half of what they were a year ago.

Revenue in Personal Computing was $10.8 billion and increased 17 per cent. Gaming revenue increased 39 per cent, with Xbox software and services revenue growth of 36 per cent.

On the gaming side, which includes everything from Xbox hardware to Xbox Live subscriptions to revenue from games made by Microsoft as well as other studios, the company reported its first ever $10 billion year. That's down slightly from an increase of 93 that the business reported in the third quarter.

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