Microsoft’s new fiscal year record

Microsoft’s new fiscal year record

San Francisco: Driven by growth in its Cloud and Surface laptop segments, Microsoft has posted revenue of $33.7 billion and net income of $13.2 billion for its fourth quarter that ended on June 30. For its entire fiscal year 2019, Microsoft reported revenue of $125.8 billion which increased 14 per cent and $39.2 billion net income – setting a new record fiscal year for the company.

“It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry,” said Satya Nadella, CEO, Microsoft.

“Every day we work alongside our customers to help them build their own digital capability – innovating with them, creating new businesses with them, and earning their trust,” he said on Thursday.

Microsoft that continues to be valued as a $1 trillion company returned $7.7 billion to shareholders in the form of share repurchases and dividends in the fourth quarter of fiscal year 2019. (IANS)

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