Microsoft FY19 Q4 earnings: Cloud momentum helps push $33.7 billion in revenue

Microsoft today announced its earnings for FY19 Q4, showing revenues of $33.7 billion and $13.2 billion in net income. That'south an increase from the same period a year ago, in which Microsoft took in $30.79 billion in revenue and $8.8 billion in cyberspace income.

Here are the highlights from this quarter's release:

• Acquirement was $33.seven billion and increased 12%
• Operating income was $12.4 billion and increased 20%
• Net income was $xiii.2 billion GAAP and $10.6 billion non-GAAP, and increased 49% and 21%, respectively
• Diluted earnings per share was $i.71 GAAP and $one.37 non-GAAP, and increased l% and 21%, respectively
• GAAP results include a $2.vi billion net income tax benefit explained in the Non-GAAP Definition section below

"It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry," Microsoft CEO Satya Nadella said in the earnings release. "Every day we work alongside our customers to aid them build their own digital capability - innovating with them, creating new businesses with them, and earning their trust. 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."

Highlights for the full 2022 fiscal year include:

• Revenue was $125.8 billion and increased 14%
• Operating income was $43.0 billion and increased 23%
• Net income was $39.2 billion GAAP and $36.8 billion non-GAAP, and increased 137% and 22%, respectively
• Diluted earnings per share was $5.06 GAAP and $four.75 non-GAAP, and increased 138% and 22%, respectively
• GAAP results include a $two.half dozen billion net income taxation benefit explained in the Non-GAAP Definition section below

Windows, Surface, and gaming

Overall, Microsoft's "More Personal Calculating" category, which includes Windows, Surface, and gaming revenue was upwards four percent to $eleven.three billion. Most notably, dragging that number downwards was Microsoft's gaming revenue, which declined 10 percent overall. Xbox software and services acquirement, specifically, was down three percent.

Keeping the category afloat were Windows and Surface revenues. Windows OEM revenue was upward nin percent, while Windows commercial products and cloud services went up by 13 pct. Meanwhile, Surface acquirement increased fourteen percent, while search advertising revenue increased by nine percent.

Updated July 18, 2022: The driblet in Microsoft's gaming revenue could be related to an overall decline in gaming hardware sales beyond the industry. According to the latest numbers from NPD, hardware spending dropped 33 percentage this quarter with the Nintendo Switch existence the only platform to show growth.

Cloud and Part

Microsoft'southward cloud and Function businesses connected to shine in this quarter's results. Commercial cloud acquirement saw its strongest quarter ever, increasing past 14 percentage to $xi billion. That was powered by Office 365 commercial revenue growth of 31 percent, Role commercial products and cloud services growth of 14 percent, and and Office consumer and cloud services revenue growth of six percentage.

Office 365 consumer subscribers are no up to 34.viii million. LinkedIn, meanwhile, saw revenues jump by 25 percent. Microsoft'due south Dynamics products increased in revenue by 12 percent as well.

The overall "Intelligent Deject" category saw revenues of $xi.4 billion, up 19 percent over the same period a year ago. That includes Azure revenue growth of 64 percent and enterprise services growth of iv percent.

"Microsoft has repeatedly beaten Wall Street's expectations this year – its share toll is up by one-third – and its latest results only reinforce this trend," said Ryan Duguid, Primary Evangelist at Nintex, a global SharePoint partner and a Microsoft partner of the twelvemonth, in a statement. "Azure is a powerful differentiator, and information technology continues to gain market share. One central to Microsoft's success with the cloud platform has been its cover of openness and client selection in tech stacks, and creating a common data model underneath everything."

Once again, Microsoft will conduct a conference call and webcast to provide further insight into this quarter'south numbers, forth with a look forward, at 2:30 p.m. PT (5:xxx p.m. ET). You tin follow along at Microsoft'south investor site.

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Source: https://www.windowscentral.com/microsoft-fy19-q4-earnings-cloud-momentum-helps-push-337-billion-revenue

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