For reference, analysts expected $1.21 per share and revenue of $32.72 billion. The company’s revenue surprised analysts to the tune of a billion while comparing comparably to last year’s $30.1 and $1.14.
Xbox is Down, but Surface is Up
Even so, there were some notable shifts in revenue distribution this year. That 64% Azure growth is significant, for example, but not near the 73% and 75% of this year’s previous quarters. However, this will offset by a growth in the Windows OEM hardware business, which is up 9%, and Surface, which is up 14%. “It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry. 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,” said CEO Satya Nadella. “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.” However, it wasn’t all good news for Microsoft. With many consumers waiting for the next console generation, its gaming revenue dipped 10%. Xbox software and services also fell by 3%. Of course, with Q4 wrapped up, the company was also willing to share stats from the full fiscal year. It netted revenue of $125.8 billion, a 14% increase, and net income of $39.8 billion non-adjusted, a 137% increase.
