Microsoft hits $100bn in revenue for the first time thanks to cloud, Surface growth.

Redmond's cloud-first focus is paying off

MICROSOFT SURPASSED $100bn in revenue for the first time in fiscal 2018 as the firm's cloud-first focus continues to pay off. 

For the fourth quarter that ended on June 30, Redmond reported revenue of $30.1bn (around £23bn), up 17 per cent compared to $25.6bn in the year-ago quarter, and net income of $8.9bn. 

These bumper numbers can largely be credited to the seemingly unstoppable growth of the company's cloud biz, which is up 23 per cent compared to last year. Microsoft's bork-prone Azure service grew a whopping 89 per cent year over year. 

"We had an incredible year, surpassing $100 billion in revenue as a result of our teams' relentless focus on customer success and the trust customers are placing in Microsoft," the firm's CEO Satya Nadella, said in a statement.

By Carly Page.

Full story at The Inquirer.