Microsoft reports $30.1 billion in Q4 2018 revenue: Azure up 89%, Surface up 25%, and Windows up 7% | Gaming
Microsoft today reported earnings for its fourth fiscal quarter of 2018, including revenue of $x billion, net income of $8.9 billion, and earnings per share of $1.14 (compared to revenue of $23.3 billion, net income of $6.5 billion, and earnings per share of $0.83 in Q1 2017). All three of the company’s operating groups saw growth.
Analysts had expected Microsoft to earn $29.21 billion in revenue and earnings per share of $1.08. The company destroyed expectations. Microsoft said it returned $5.3 billion to shareholders in the form of share repurchases and dividends during the quarter.
“We had an incredible year, surpassing $100 billion in revenue as a result of our teams’ relentless focus on customer success and the trust customers are placing in Microsoft,” Microsoft CEO Satya Nadella said in a statement. “Our early investments in the intelligent cloud and intelligent edge are paying off, and we will continue to expand our reach in large and growing markets with differentiated innovation.”
In October, Microsoft’s cloud annualized run rate passed $20 billion, ahead of schedule. Nadella’s plan to turn Microsoft into a cloud company is working.
More to follow