Microsoft reports 'record fiscal year' thanks to cloud computing surge

By Laura Mullan
Microsoft just demonstrated why it’s the most valuable company in the US as it toppedsales and profit projections in its fourth quarter. Fuelled by a...

Microsoft just demonstrated why it’s the most valuable company in the US as it topped sales and profit projections in its fourth quarter. 

Fuelled by a steady demand for its cloud-computing services and its Windows operating system, the company reported that its sales grew 12% to $33.7bn and that it had $13.2bn in profits during the period.

Satya Nadella, CEO of Microsoft, described it as a “record fiscal year for Microsoft”.


"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 added. 

“This commitment to our customers’ success is resulting in larger, multi-year commercial cloud agreements and growing momentum across every layer of our technology stack.”

In the fourth quarter, sales of Microsoft’s Office 365 to businesses jumped 31% whilst Azure cloud sales rose 64%.

Microsoft noted that its Intelligent Cloud Segment produced more quarterly revenue than the segments containing Office and Windows for the first time in more than three years.

Elsewhere, revenue from Microsoft’s Surface hardware rose 14%. 


Featured Articles

Robot dining staff on call to help care in the community

Robots are ready to serve seniors as retirement communities struggle with staff shortages, and a new report says pensioners appreciate a metal maître d

BlackBerry drives its QNX technology to the cloud with AWS

BlackBerry has expanded its work with Amazon Web Services, which will see the Canadian security company’s embedded systems and AI available in the cloud

6G: Predictions for the network of the future

With cloud-based technology enabling higher speeds and microsecond latency, experts predict 6G will transform the world. The next generation is coming

Blockchain in space could take tokens and NFTs into orbit

Digital Transformation

ICYMI: Top 10 DevSecOps tools and cut-price animal robots

Digital Transformation

Altered Egos: Digital twins hold up a mirror for machines

Digital Transformation