Microsoft on Wednesday reported earnings for the fourth quarter of 2019 of $33.7 billion in revenue and net income of $13.2 billion -- up from 30.1 billion in revenue and net income of $8.9 billion in the year-ago quarter.
“It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry,” stated Microsoft CEO Satya Nadella. “Every day we work alongside our customers to help them build their own digital capability — innovating with them, creating new businesses with them, and earning their trust.”
All three of the company’s operating groups saw year-over-year growth.
Overall, the Personal Computing group rose 4% to $11.3 billion. Search advertising revenue rose $184 million, or 10%. Search advertising revenue excluding traffic acquisition costs increased 9%, driven by higher revenue per search.
Windows OEM revenue rose 9%, while Windows commercial revenue increased 13%. Surface revenue rose by 14%, but gaming revenue fell 10%.
The Productivity and Business Processes group rose 14% to $11.0 billion. Office commercial revenue grew 14%, while Office consumer and cloud revenue rose 6% and Dynamics revenue increased 12%. LinkedIn revenue jumped 25%. Office 365 consumer subscribers surpassed 34 million.
The Intelligent Cloud group jumped 19% to $11.4 billion and server products and cloud services revenue grew 22%. Enterprise Services revenue rose 4%, and Azure revenue jumped a whopping 64%.