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Microsoft Cloud Strength Fuels Fourth Quarter Results
REDMOND, Wash. July 27, 2021 Microsoft Corp. today announced the following results for the quarter ended June 30, 2021, as compared to the corresponding period of last fiscal year:
Revenue was $46.2 billion and increased 21%
Operating income was $19.1 billion and increased 42%
Net income was $16.5 billion and increased 47%
Diluted earnings per share was $2.17 and increased 49%
We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business, said Satya Nadella, chairman and chief executive officer of Microsoft. Our results show that when we execute well and meet customers needs in differentiated ways in large and growing markets, we generate growth, as weve seen in our commercial cloud and in new franchises weve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years.
As we closed out the fiscal year, our sales teams and partners delivered a strong quarter with over 20% top and bottom-line growth, highlighted by commercial bookings growth of 30% year over year, said Amy Hood, executive vice president and chief financial officer of Microsoft. Our commercial cloud revenue grew 36% year over year to $19.5 billion.
Revenue in Productivity and Business Processes was $14.7 billion and increased 25% (up 21% in constant currency), with the following business highlights:
Office Commercial products and cloud services revenue increased 20% (up 15% in constant currency) driven by Office 365 Commercial revenue growth of 25% (up 20% in constant currency)
Office Consumer products and cloud services revenue increased 18% (up 15% in constant currency) and Microsoft 365 Consumer subscribers increased to 51.9 million
LinkedIn revenue increased 46% (up 42% in constant currency) driven by Marketing Solutions growth of 97% (up 91% in constant currency)
Dynamics products and cloud services revenue increased 33% (up 26% in constant currency) driven by Dynamics 365 revenue growth of 49% (up 42% in constant currency)
Revenue in Intelligent Cloud was $17.4 billion and increased 30% (up 26% in constant currency), with the following business highlights:
Server products and cloud services revenue increased 34% (up 29% in constant currency) driven by Azure revenue growth of 51% (up 45% in constant currency)
The following information was filed by Microsoft Corp (MSFT) on Tuesday, July 27, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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