Microsoft Reports $22.2 Billion In Revenue For Its Q4 2015
CEO Satya Nadella says the company's investments are paying off.
Along with Apple and Yahoo, Microsoft reported its quarterly earnings today. For the quarter ending June 30 — Microsoft’s Q4 2015 — company revenues reached $22.2 billion.
Microsoft credited the performance of its cloud and hardware business for its fourth quarter gains.
[blockquote cite = “Microsoft Q4 Earnings Report”]Commercial cloud annualized revenue run rate now exceeds $8 billion; computing and gaming hardware, including Xbox and Surface, deliver nearly $2 billion in revenue.[/blockquote]
Overall, the company’s devices and consumer revenue declined 13 percent, with Windows OEM revenue dropping 22 percent. Both Surface and Xbox revenue numbers were up: Surface grew 117 percent to reach $888 million; Xbox grew 27 percent.
Search advertising revenue was up 21%, with Bing’s search market share reaching 20.3 percent over the previous year.
Microsoft says its commercial revenue had a slight increase at four percent, reaching $13.5 billion. Up 88 percent, Microsoft’s commercial cloud revenue accounted for the majority of its commercial earnings. Server products and services and Dynamics revenue also were up.
Microsoft CEO Satya Nadella says the company’s investments are paying off.
“Our approach to investing in areas where we have differentiation and opportunity is paying off with Surface, Xbox, Bing, Office 365, Azure and Dynamics CRM Online all growing by the double-digits,” said Nadella in the company’s news release announcing its quarterly earnings report.