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Microsoft today announced FY20 Q4 earnings results. Microsoft’s revenue in the last quarter was $38 billion and the operating income was $13.4 billion. Revenue in Intelligent Cloud business segment was $13.4 billion and it increased 17% when compared to last year. Azure cloud services revenue grew 47%, primarily driven by growth in consumption services.
Microsoft offered the following business highlights related to Intelligent Cloud business segment.
- Server products and cloud services revenue increased 19% (up 21% in constant currency) driven by Azure revenue growth of 47% (up 50% in constant currency)
- Enterprise Services revenue was relatively unchanged (up 2% in constant currency)
- Microsoft mentioned that Enterprise Mobility installed base grew 26% to 147 million seats.
The gross margin dollars of this division grew 19%. The gross margin percentage increased because of material improvements in Azure gross margin offset by an increased mix of cloud offerings.