Microsoft Cloud Strength Drives Fourth Quarter Results
Microsoft News, July 22nd, 2020
July 22, 2020,
Volume 268, Issue 4
Microsoft Corp. today announced the following results for the quarter ended June 30, 2020, as compared to the corresponding period of last fiscal year:
- Revenue was $38.0 billion and increased 13%
- Operating income was $13.4 billion and increased 8%
- Net income was $11.2 billion and decreased 15% GAAP (up 5% non-GAAP)
- Diluted earnings per share was $1.46 and decreased 15% GAAP (up 7% non-GAAP)
'The last five months have made it clear that tech intensity is the key to business resilience. Organizations that build their own digital capability will recover faster and emerge from this crisis stronger,' said Satya Nadella, chief executive officer of Microsoft. 'We are the only company with an integrated, modern technology stack - powered by cloud and AI and underpinned by security and compliance - to help every organization transform and reimagine how they meet customer needs.'
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