Microsoft

Ticker MSFT

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As of 00:57 21 Jul 2018
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816,493.40 million
As of 00:57 21 Jul 2018

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Tech giant Microsoft sees $30bn revenue in fourth quarter

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US tech giant Microsoft posted a whopping 17.5% jump in revenue to $30.08bn in the three months to June, beating analysts' expectations.

The firm said the double-digit revenue growth was boosted in a large part by its commercial cloud business, which saw revenue climb 53% from a year earlier.

Net income came in at $8.9bn for the quarter, the firm said.

Since taking over as the company's chief executive in 2014, Satya Nadella has moved Microsoft's focus away from its well-known PC software business and towards cloud computing.

"This was another gem of a quarter from Microsoft as Nadella's cloud vision is coming to fruit," said analyst Daniel Ives from GBH Insights.

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