Microsoft Corporation reported record quarterly results: for the fourth quarter of fiscal 2019, it earned $33.7 billion on a net income of $13.2 billion - it grew by 49%. The company attributes this to "significant growth in the commercial segment."
- Cloud services became the main driver of growth: this division of the company increased revenue by 39%, and sales of its basis - corporate "cloud" of Azure - jumped by 64%. The Office product line continues to grow. The company now has 180 million active business users and 34.8 million individual customers of the software package.
- The company's gaming business has stalled a bit, with gaming revenue down 10% this quarter and Xbox software and services revenue down 3%.
- The head of Xbox, Phil Spencer, said that in total "Microsoft's revenue from sales of Xbox equipment fell by 48%": the consoles simply ceased to be in great demand. But this is due to the fact that you can now connect to the Xbox Live gaming system through PCs and smartphones based on iOS and Android.
- This year, Microsoft became the third company in history to surpass $1 trillion in capitalization . Since the beginning of the year, its quotes have grown by a third.