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

Infosys: European firms struggle to generate gen AI value

Research from Infosys forecasts that European companies will increase their generative AI investments by 115% in the next year, up to US$2.8bn

KPMG appoints Global Head of AI to drive AI strategy

KPMG marks next phase in its AI strategy with appointment of Global Head of AI and launch of global framework for design, build and of use of AI solutions

Google unveils Gemini, its largest and most capable AI model

Google says its Gemini AI model is built from the ground up for multimodality — reasoning seamlessly across text, images, video, audio, and code

Technology key to integrating sustainability into strategies

Digital Transformation

Hitachi Vantara addresses cloud demand with Google Cloud

Cloud Computing

Google delays launch of long-anticipated Gemini AI model

AI & Machine Learning