Friday, 19 July 2019 09:42

Microsoft reports record revenue for final 2019 quarter and year Featured

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Microsoft reports record revenue for final 2019 quarter and year Image by photogrammer7 from Pixabay

Software giant Microsoft has reported record revenue for both the final quarter of the financial year 2019 and the whole year, pulling in US$33.7 billion for the quarter, a 12% year-on-year increase, and US$125.8 billion for the year, 14% more than in the preceding financial year.

The company's financial year runs from 1 July to 30 June.

“It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry,” said Microsoft chief executive Satya Nadella in a statement on Thursday.

"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.

"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.”

Commercial cloud revenue increased by 39% year-on-year to US$39 billion, which Amy Hood, executive vice president and chief financial officer of Microsoft, described as the company's strongest commercial quarter.

Profits for the year were put at US$13.2 billion for the quarter, 49% more than the corresponding quarter a year earlier, and US$39.2 billion for the financial year, a rise of 137% over the previous financial year.

About the only sector that showed a decrease was gaming, which saw revenue fall by 10%, with Xbox software and services revenue down by 3%.

Windows OEM revenue rose by 9%. Both gaming revenue and Windows OEM revenue are bundled together under the More Personal Computing category which brought in US$11.3 billion in revenue and also includes Surface products, search advertising revenue and Windows Commercial products and cloud services revenue.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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