Microsoft today reported its financial results for the quarter ended June 30, 2019.
Microsoft’s sales numbers were ahead of analysts estimates, EPS was $1.37 against the estimate of $1.21 and the revenue was $33.7 billion against the estimate of $32.77B. Operating income was $12.4 billion and it increased 20%. Net income was $13.2 billion GAAP and $10.6 billion non-GAAP.
As we saw in the last few years, Microsoft’s results were mainly driven by solid financial results from Office 365 and Azure cloud services.
“It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry,” said Satya Nadella, chief executive officer of Microsoft. “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. 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.”
“Q4 commercial cloud revenue increased 39% year-over-year to $11.0 billion, driving our strongest commercial quarter ever,” said Amy Hood, executive vice president and chief financial officer of Microsoft.