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Tue, Nov 20, 2018 | Last Updated 1:19 pm IST

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"We had an incredible year, $100 billion in revenue: Microsoft CEO Satya Nadella

"We had an incredible year, $100 billion in revenue: Microsoft CEO Satya Nadella
"We had an incredible year, $100 billion in revenue: Microsoft CEO Satya Nadella
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Reports stated after riding on its growing Intelligent Cloud portfolio and early investments in Intelligent Edge, Microsoft has surpassed $100 billion in revenue for the first time in fiscal year 2018. Meanwhile for the fourth quarter that ended on June 30, the tech giant reported revenue of $30.1 billion and net income of $8.9 billion. Accordingly revenue has increased 17% year over year, and net income is up 35%.



Meanwhile Microsoft stock jumped over 4% in after hours trading as it beat Wall Street expectations. Satya Nadella, CEO, Microsoft said "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 and 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”.

"We had an incredible year, $100 billion in revenue: Microsoft CEO Satya Nadella

Amy Hood, Executive Vice President and Chief Financial Officer of Microsoft said "Exceptional sales execution delivered double digit revenue growth across all segments and strong progress against our strategic priorities, anchored by commercial cloud revenue growing 53% year over year to $6.9 billion”.

"We had an incredible year, $100 billion in revenue: Microsoft CEO Satya Nadella

"We had an incredible year, $100 billion in revenue: Microsoft CEO Satya Nadella
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