Microsoft revenue pushes past $100bn, buoyed by Surface and cloud services

Microsoft reported its Q4 earnings for the year, and the company posted extremely strong results helped in large parts by the performance of its cloud services and Surface business. The company far-exceeded analysts' predictions for this quarter, with revenue of $30.1 billion, net income of $8.8 billion and earnings per share of $1.14. Microsoft's continued move to the cloud is paying off. Revenue in Intelligent Cloud increased by 23 percent to $9.6 billion, while Azure revenue growth rocketed by 89 percent, and Surface revenue went up by 25 percent as talk turns to the possibility of a Surface Phone. See… [Continue Reading]