Microsoft closes fiscal 2019 with revenue spikes driven by cloud services

Enlarge / Satya Nadella, CEO of Microsoft, speaks at the Microsoft Annual Shareholders Meeting in Bellevue, Washington, on November 30, 2016. (credit: Jason Redmond / Getty Images)

Microsoft has reported its financial results for the final quarter of the 2019 fiscal year. The tech giant saw notable gains in sales for Azure in its Intelligent Cloud division and for Surface in the More Personal Computing unit.

Revenue for the the company reached $33.7 billion, an increase of 12% from the last quarter of 2018. Microsoft’s operating income rose 20% to $12.4 billion while net income jumped 49% to $13.2 billion, with earnings of $1.71 per share.

Each of Microsoft’s three reporting segments saw its revenue grow compared with the fourth quarter of the previous year. The Intelligent Cloud group saw the biggest jump, rising 19% to $11.4 billion.