Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Sun, Feb 24, 2019 | Last Updated 4:35 am IST

Menu &Sections

Search

"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
5/ 5 - (1 votes)
Add To Favourite
More from author
Will India host Olympic Events after 2 Pakistan Sportsmen Visa denied?
CBI & ED likely to issue summons for questioning former ICICI Bank CEO Chanda Kochhar
SED of Tamilnadu mulling introducing board exams for classes 5 & 8
Will YS Jagan become CM of AP as per survey?
BJP leader wants Kanyakumari!
Viral video of school students in trains!
Measures were taken to stop water to Pakistan!
Kamal says Thiruvarur gave family politics!
Trump made no mention of China or Huawei, steps back from threat of full ban
Fight between Swiggy & Zomato extends to takeover of Uber Eats
Summer Season to be hotter than normal in Karnataka
Congress questions BJP as either PM was completely oblivious to Pulwama attack
Why Vijayakanth pretty unhappy with BJP-AIADMK response to DMDK ambition?
YSRCP attacks TDP saying AP has 59 Lakh Fake Voters
Telangana Govt announces Rs.25 Lakhs to Families of Pulwama attack jawans
2019 Elections testing waters for YS Jagan's stamina
Animosity between AP people & Central government out in the open
FIR registered against Pakistani actor wife refusing anti-polio drops to their daughter
Jr NTR to be brand ambassador for Appy Fizz in South India
History Maker: Madhusudhan Rao Founder of Lanco Infratech
Public exam for 5th and 8th class!
Bank fraudsters caught in Chennai!
Party members threatening to leave DMDK!
DMK and Congress Unite!
Network integration process of Vodafone Idea is on track by June 2020
Revanth Reddy copycats KCRs style
Lockheed Martin unveiled F-21 to boost India manufacturing in defense sector
Hearing in Sunanda Pushkar death case began on February 21
Will Captain Vijayakanth take alliance decision soon?
Funny!!! Vietnam Barber expert in Trump & Kim Hairstyles
How Chennai Swiggy Customer gets order delivery from Rajasthan?
Tiktok committed to safe & positive in-app environment for users in India
TN Govt plans to introduce Board Exams for Class 5 & 8
Guntur District farmer committed suicide, doubts raised
UK no longer preferred market for Indian investment due to Brexit factor
Pakistan Cricketers portrait removed from HPCA
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.