Microsoft has officially published the company’s financial results for the fourth quarter of fiscal year 2021, and just as expected, the cloud business has once again been the main unit bringing home the bacon. More specifically, revenue was up 21 percent, reaching $46.2 billion, while the net income increased 47 percent to $16.5 billion. The Productivity and Business Processes division performed particularly strong and posted an increase of 25 percent. Revenue for this unit alone reached $14.7 billion. The Intelligent Cloud business also increased 30 percent to $17.4 billion, and Microsoft says server products and cloud services posted a growth of 34 percent, mostly thanks to Azure. On the other hand, Windows OEM revenue decreased 3 percent, but this is something that’s not necessarily a surprise given the company is now refreshing the operating system and sales typically grow closer to the holiday season and back-to-school promos. Strong fiscal year ove...
Full ArticleMicrosoft Announces FY21 Q4 Financial Results
Softpedia
0 shares
1 views
You might like
Related news coverage
Microsoft stock slides despite record-breaking financial results
Invezz
Microsoft Corp (NASDAQ: MSFT) reported record performance for fiscal 2021 on Tuesday with $165 billion in sales and over $60..
-
Wall Street stocks a mixed bag at the close as tech earnings power Nasdaq into the green
Proactive Investors
-
Here are all the key points from Microsoft's earnings report
MENAFN.com
-
Wall Street stocks mixed ahead of Fed policy meeting announcement
Proactive Investors
-
Apple's next iPhone might be in short supply, at least at first
Mashable
Advertisement
More coverage
Tech Earnings Live Updates: Apple, Google, Microsoft and More
Upworthy
Apple, Google parent Alphabet, Microsoft and other report earnings Tuesday afternoon. Catch up on the financial results and..
-
Wall Street ends the day on high note as markets stay in green
Proactive Investors
-
Wall Street up slightly at midday after starting in the red
Proactive Investors
-
Wall Street starts in the red as earnings eyed
Proactive Investors
-
Wall Street reverses course to flirt with record highs again to close the week
Proactive Investors