This year is Microsoft’s best year ever. The Software and PC giant was able to exceed the estimates of analysts to score revenues amounting to $110.4 billion (£85.1 billion) at a year-on-year rise of 14 percent.
The company reported revenue of $30.1 billion in for its fourth quarter, surpassing the already high consumer estimates of $29.17 billion.
The diluted earnings per share came in at $1.15 for the quarter, once again surpassing the earlier estimates of $1.07.
A double-digit revenue increase was reported across all of the segments of the firm, anchored by the revenue of Azure, the flagship commercial cloud business of the company. The said business increased by a shocking 89 percent growth during the quarter ending 30 June.
The cloud business has a 16 percent share of the global cloud infrastructure market. According to estimates that were made by Canalys last April, it trails Amazon Web Services in second place.
The chief executive officer of Microsoft, Satya Nadella, stated: “We had an incredible year, surpassing $100 billion in revenue as a result of our teams’ relentless focus on customer success and the trust customers are placing in Microsoft.”
He added: “Our early investments in the intelligent cloud and intelligent edge are paying off, and we will continue to expand our reach in large and growing markets with differentiated innovation.”
Microsoft returned $5.3 billion to its shareholders in the form of share repurchases and dividends during the last quarter, at a rise of 16 percent as compared to the same time during the previous year.
An analyst from InvestorPlace.com, Tom Taulli, stated: “The combination of the cloud, which is a megatrend that’s going to last for years to come, and the execution, this is a company that knows how to sell and be innovative – it’s hard to argue with anything here.”
The company’s popular Surface laptop-turned-tablet range was able to earn an increase of 25 percent in revenue, which it attributed to the strong performance by its latest editions against the low comparable numbers in 2017.