Microsoft (MSFT) reported Q4 earnings last week, exceeding Wall Street estimates powered its fast-growing cloud computing business. The tech giant reported revenue of $38 billion vs. $35.5 billion expected. Earning Per Share of $1.46 was reported higher than $1.36 expected. It’s Intelligent Cloud unit which includes its powerful Azure platform contributed $13.4 billion in revenue vs. $13.1 billion expected, a 17% increase over the same quarter last year. Microsoft did not break out its Azure revenue but reported 47% growth for the cloud platform.
“The last five months have made it clear that tech intensity is the key to business resilience. Organizations that build their own digital capability will recover faster and emerge from this crisis stronger,” stated Satya Nadella, Microsoft’s CEO.
Microsoft’s Productivity and Business Processes unit, including its commercial and consumer Office 365 businesses and LinkedIn, rose 6% to $11.8 billion. The company witnessed a growth of 1.3 billion, or 64%, with Xbox hardware revenue rising 49%.
Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.
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