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Microsoft Reports Strong Fourth-Quarter Revenue As Azure Tops $100 Billion Annually
['Rose Kendrick']
HNGN : Latest News
The quarter, which ended June 30, beat consensus estimates of roughly $87.7 billion, according to analyst projections cited by market data providers.
Azure and other cloud services revenue grew 43% during the quarter, outperforming analyst expectations of roughly 40% growth, while the broader Intelligent Cloud segment that includes Azure posted $39.3 billion in revenue, up 32%.
Microsoft Cloud, the company's combined commercial cloud offering spanning Azure, Microsoft 365 and other services, generated $59.3 billion in quarterly revenue, up 27%.
For the full fiscal year, Microsoft Cloud revenue surpassed $214 billion, also up 27%, while Azure's annual revenue crossed $100 billion for the first time, growing 41% over the year.
Revenue in Microsoft's More Personal Computing segment, which includes Windows and devices, declined 4% to $12.9 billion, while search advertising revenue excluding traffic acquisition costs rose 10%.