Microsoft Announces FY21 Q4 Financial Results
Microsoft has officially published the company’s financial results for the fourth quarter of fiscal year 2021, and just as expected, the cloud business has once again been the main unit bringing home the bacon.
More specifically, revenue was up 21 percent, reaching $46.2 billion, while the net income increased 47 percent to $16.5 billion.
The Productivity and Business Processes division performed particularly strong and posted an increase of 25 percent. Revenue for this unit alone reached $14.7 billion. The Intelligent Cloud business also increased 30 percent to $17.4 billion, and Microsoft says server products and cloud services posted a growth of 34 percent, mostly thanks to Azure.
On the other hand, Windows OEM revenue decreased 3 percent, but this is something that’s not necessarily a surprise given the company is now refreshing the operating system and sales typically grow closer to the holiday season and back-to-school promos.