The tech giant’s revenue for the quarter that ended 30 June 2021 increased by 21% YoY
Microsoft has reported a 47% increase in its net income for the fourth quarter of the fiscal year 2021 (Q4 FY21) at $16.45bn, compared to $11.2bn in the same quarter of the previous fiscal year.
In the previous quarter, that is Q3 FY21, the company’s net income was $15.45bn.
For the 12 months ended 30 June 2021, Microsoft’s net income was $61.27bn, which is an increase of 38% compared to a net income of $44.28bn in FY20.
Microsoft’s diluted earnings per share for Q4 FY21 grew by 49% to $2.17 compared to $1.46 in Q3 FY20.
Revenue for the quarter that ended 30 June 2021 was $46.15bn, an increase of 21%, compared to $38bn in the corresponding quarter of the previous year.
For FY21, Microsoft reported revenue of $168bn, an increase of 18% compared to $143bn earned in FY20.
Like in the previous quarter, the revenue growth in Q4 FY21 was driven by the company’s commercial cloud revenue, which moved up 36% year-over-year (YoY) to $19.5bn.
Microsoft’s intelligent cloud business posted revenue of $17.37bn in the reported quarter, which is a YoY growth of 30%, compared to $13.37bn in Q4 FY20.
The company’s productivity and business processes unit contributed revenue of $14.69bn, which is a 25% increase compared to $11.75bn. LinkedIn, which comes under this unit, saw a 46% YoY growth in revenue at $928m.
Microsoft’s more personal computing business reported revenue of $14bn in Q4 FY21, which is a 9% increase YoY.
Microsoft chairman and CEO Satya Nadella said: “We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business.
“Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises we’ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years.”
In April this year, the tech giant signed a $19.7bn deal to acquire Nuance Communications, a US-based conversational artificial intelligence company.