Microsoft's Cloud Continues to Drive Earnings, The Company Forward

Microsoft hits $100bn in revenue for the first time thanks to cloud Surface growth

Microsoft finished Q4 2018 with over $30 billion United States dollars in revenue, a 17% increase, in part due to cloud services and gaming growth, according to the company's earnings release on Thursday.

The financial statement notes that intelligent cloud revenue was $9.6 billion for the quarter, an increase of 23%, driven by Azure growth of 89%.

LinkedIn also saw a relatively large increase in revenue, posting 37 percent growth over the same period a year ago.

Wall Street is still pumped about Microsoft after the business technology giant reported its latest earnings that beat analyst expectations.

This brings the full-year revenue to $110.4 billion (up 14 percent on the 2017 financial year), with operating income of $35.1 billion (up 21 percent) and net income of $16.6 billion, a drop of 35 percent, attributed to the impact of the Tax Cut and Jobs Act's $13.8 billion repatriation tax.

Analyst Patrick Moorhead at Moor Insights & Strategy said Microsoft's results showed healthy growth.

Moving forward this will be Microsoft's primary vehicle for revenue and margin growth. "Satya Nadella and team are hitting on all cylinders at this point".

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"I'm especially proud that Walmart chose Azure and Microsoft 365 to accelerate its digital transformation for their associates and customers", Nadella said during the earnings call.

Last but not least is Microsoft's "More Personal Computing" division which includes the classics - Windows OEM and commercial as well as Xbox gaming groups and the Surface family of products.

The COO also added about the trail of recent acquisitions for the company and how they are looking to bridge the gap between mobile, PC, and console gaming.

"Azure has been hot and Office 365, too", said Dan Morgan, a senior portfolio manager at Synovus Trust, which owns Microsoft shares.

Despite Microsoft's reluctance to mention Windows by name as it used to, the company's tried and true work horse continues to buoy the business in some regards. Microsoft's banner year compares to a similarly strong performance, while Sony's industry-leading gaming division put up big numbers once again.

Created in 2008, GitHub allows developers to cooperatively manage software and has more than 28 million users around the world.

Sales of Intelligent Cloud products - Azure and server software - rose 23% to $9.61-billion, above the $9.07-billion average estimate of four analysts polled by Bloomberg.

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