The tech giant reported a net income of $88.1 billion, a 22% increase from the previous fiscal year. This growth is a result of the company’s continued expansion and success in key areas like cloud computing and productivity solutions.

Microsoft’s overall revenue for the year reached $245.1 billion, a 16% rise from the prior year. Its operating income also saw a good increase, climbing to $109.4 billion, up 24% year-on-year. These reiterate the company’s solid performance and focus on innovation and customer trust.

In the fourth quarter alone, Microsoft reported revenue of $64.7 billion, a 15% increase compared to the same quarter last year. The Intelligent Cloud segment, which includes Azure and other cloud services, generated $28.5 billion in revenue, making a 19% growth.

Azure itself experienced a 29% increase, highlighting its importance in the company’s success.

Productivity and Business Processes, another key area, saw revenue of $20.3 billion, up 11%. This growth was driven by strong performances in Office 365 Commercial and Dynamics 365, which grew 13% and 19% respectively. Meanwhile, LinkedIn’s revenue rose by 10%, further contributing to the segment’s success.

The More Personal Computing segment also performed well, with a 14% increase in revenue, reaching $15.9 billion. Notably, Xbox content and services experienced a 61% surge, largely influenced by the Activision acquisition.

CEO Satya Nadella commented on the company’s focus on innovation and meeting customer needs, “As a platform company, we are focused on meeting the mission-critical needs of our customers across our at-scale platforms today, while also ensuring we lead the AI era.”

CFO Amy Hood highlighted record bookings and a strong Microsoft Cloud performance, with quarterly revenue reaching $36.8 billion, up 21%.

Microsoft fiscal year results show that the company is strategically leveraging cloud services and AI, ensuring growth and innovation. 

Microsoft returned $8.4 billion to shareholders in the fourth quarter through share repurchases and dividends, delivering value to investors.

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