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Microsoft's $46.2bn in revenue for its fourth quarter of 2021, and profits rising 47 per cent to $16.5bn, shows the continued strength in its cloud business, investors were told on Tuesday.

Analysts on average anticipated results more along the lines of $44.1bn, though company stock nonetheless slipped in after-hours trading, possibly due to declines in revenue from Windows hardware makers or perhaps just that the market is just down at the moment.

In a statement, Microsoft CEO Satya Nadella credited the mega-corp's performance in part to its cloud business, along with other business units.

We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business, he said.

Our results show that when we execute well and meet customers needs in differentiated ways in large and growing markets, we generate growth, as weve seen in our commercial cloud and in new franchises weve built, including gaming, security, and LinkedIn, all of which surpassed $10bn in annual revenue over the past three years.

The respectable results may serve as some consolation following the US government's cancellation of its 10-year, $10bn Joint Enterprise Defense Initiative contract, awarded to the company in 2019 and then fiercely fought over in court.

Microsoft's salient stats for the final quarter of its financial year, which ended on June 30, were as follows:

For the company's full fiscal 2021:

In terms of specific business units for this last quarter, software and services mostly posted gains. However, Xbox services, core Windows OEM revenue, and Surface revenue proved considerably less buoyant.

The company's Productivity and Business Processes group delivered revenues of $14.7bn, up 25 per cent (21 per cent in constant currency). That includes:

The company's More Personal Computing unit generated $14.1bn, about 9 per cent (6 per cent in constant currency) more than the year-ago quarter. More specifically:

As we closed out the fiscal year, our sales teams and partners delivered a strong quarter with over 20 per cemt top and bottom-line growth, highlighted by commercial bookings growth of 30 per cent year over year, said Amy Hood, EVP and CFO of Microsoft in a statement. Our commercial cloud revenue grew 36 per cent year over year to $19.5bn.

Read the rest here:
Microsoft made $167m a day in profit, every day, over the past 12 months - The Register