Microsoft takes advantage of cloud activity booming

The Microsoft software giant has boosted sales and profits through its cloud computing business. In the fourth fiscal quarter (at the end of June), the annual surplus of nearly ten percent to $ 8.9 billion, as Microsoft announced Thursday after the US stock exchange at headquarters in Redmond, Washington . Revenues rose more than 17% to $ 30.1 billion

Analysts' expectations clearly exceeded quarterly figures. The market's reaction was nevertheless relatively limited – after the first stock market losses, the share quickly turned into positive territory, but could not make big leaps. However, the price had already risen by about 22% since the beginning of the year.

Microsoft can continue to rely on the lucrative cloud business with IT services on the Internet. In particular, Azure's burgeoning platform for businesses has once again proven to be a growth driver with an 89% sales increase. The results reflect confidence in Microsoft's cloud, said CEO Satya Nadella. Linkedin subsidiary increased revenues by 37%

Significant growth in the software sector

There has also been a significant growth in software, particularly the online version of the Office 365 program, which remains very popular. Here, revenues have climbed 38%. Even in the classic PC business with the Windows business, things went surprisingly well, with sales up 17 percent to $ 10.8 billion. This activity still generates most of the revenue, but has become a brake pad since that time.

In the last fiscal year, Microsoft increased its revenue by 14% to $ 110.4 billion. On the other hand, net income has plummeted from $ 25.5 billion to $ 16.6 billion as a result of the high special fees stemming from US tax reform. In contrast, adjusted operating income increased 21% to $ 35.1 billion. "We had an amazing year," said Microsoft boss Nadella. The initial investment in the cloud sector was paying off and they would continue to focus on innovation.