New York, NY, United States (4E) – Microsoft managed to beat analysts’ revenue projections by almost $1 billion after announcing the earnings for the fourth quarter of its 2019 fiscal year, achieving $33.7 billion of revenue for the quarter, up 12 percent from 2018 and above analyst forecast of $32.8 billion.
In addition to these numbers, the company reported on Thursday the adjusted earnings per share for the quarter of $1.37, which also ended above analyst expectations of $1.21.
Microsoft also announced that its full-year revenue ended in $125.8 billion, up 14 percent from 2018.
In a statement, Wedbush analyst Dan Ives said that “This quarter was an absolute ‘blow out quarter’ across the board with no blemishes.”
While all sectors of the company’s business were up this quarter, experts believe that the main question on this matter, leading up to the release, was how well Microsoft’s cloud division would perform.
Far from failing to meet expectations, sales from the company’s commercial cloud division increased 39 percent from 2018 to $11 billion.
Azure, Office 364, and Division 365 are included in Microsoft’s commercial cloud division.
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