Satya Nadella, CEO of Microsoft
Software giant Microsoft reported fourth-quarter revenues of US$23.3bn, bolstered to the tune of almost US$2bn by its acquisition of Nokia Devices and Services.
Microsoft, which last week announced plans to cut 14pc of its global workforce, is proceeding on its mission to be a productivity and platform company.
Windows OEM revenues grew 3pc while Office 365 Home and Personal subscribers reached more than 5.6m subscribers, an increase of 1m subscribers during the quarter.
The company’s Surface device line reported revenues of US$409m.
The acquired phone hardware business from Nokia contributed US$1.99bn to the quarter.
Bing search advertising revenue grew 40pc, capturing a 19.2pc share of the US market.
Commercial cloud revenue grew 147pc to an annual revenue run rate of US$4.4bn.
“We are galvanised around our core as a productivity and platform company for the mobile-first and cloud-first world, and we are driving growth with disciplined decisions, bold innovation, and focused execution,” said Satya Nadella, chief executive officer of Microsoft.
“I’m proud that our aggressive move to the cloud is paying off – our commercial cloud revenue doubled again this year to a US$4.4bn annual run rate.”
