Stock market quotes, forex, financial news, forex tools – money-investing.com

Microsoft doubled its annual profit

 Breaking News
Microsoft doubled its annual profit
July 19
13:00 2019

The largest software manufacturer Microsoft was able to significantly increase its revenue and profit in the past fiscal year. This year, the company is also waiting for the growth performance by more than 10%.

Over the past fiscal year, which ended in June, the company’s profit has increased to a value of 39.2 billion US dollars. For comparison, last year it was equal to 16.5 billion US dollars. The revenue has grown from 110 to 126 billion US dollars.

According to Microsoft boss Satya Nadella, the past year was successful due to the fact that the company cooperated with leaders in all industries.

Microsoft’s CFO Amy E. Hood believes that the company will increase at least 10% over the current financial year.

Last year, from April to June, Azure services and sales of server software brought the company $ 9.6 billion. This year, over the same period, Microsoft has managed to earn $ 11.4 billion from the same sources. The growth has amounted to 20%. In addition, Azure sales have increased. However, the company doesn’t disclose the exact figure of the growth. The sales of the server software and cloud services are also growing by 22%.

The division engaged in development and release of Office has increased the revenue by 14% to $ 11 billion. Sales of Office and cloud services for corporate buyers have increased by 14%, for private customers – by 6%. Over the last three months, financial performance of the social network LinkedIn has increased by a quarter.

Part of the company engaged in development of Windows, Xbox and Surface, records the revenue growth at 4% (to a value of 11.3 billion US dollars) .

Revenue from sales of Xbox consoles was the only indicator that has deteriorated. The sales have decreased by almost half. Also, decline in selling console games has totaled 3%.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment