Microsoft today reported revenues of $ 33.7 billion and net income of $ 13.2 billion in the fourth quarter of its 2019 financial results. Both of them grew year-on-year, opening Microsoft's new record fiscal year. Microsoft's market capitalization has also resulted in Microsoft being consistently valued as a $ 1 trillion company. Microsoft passed the $ 1 trillion milestone for the first time this quarter, thanks to the continued growth of the cloud and various businesses.
Surface sales increased in the same quarter last year and again increased by 14%. Microsoft considers this a "strong growth in our commercial sector." This growth has shown that Surface hardware is selling well despite the lack of a new refresh model during the quarter. Microsoft introduced Surface Go last year, helping to increase revenue, and in 2019, a new model was created to boost sales.
Microsoft updated its Surface Pro, Surface Laptop and Surface Studio in October, but is still waiting for the updated Surface Book. Microsoft will release new Surface Pro and Surface Book models in October.
During the quarter we were very interested in Microsoft's games at E3 but the company's game business was discontinued. Game sales declined 10 percent while Xbox software and services revenue declined 3 percent.
While Microsoft still did not disclose the exact Xbox hardware sales, Xbox 's chief executive said that Microsoft' s business "in the quarter" Microsoft 's Xbox hardware revenue fell by 48%, and Microsoft called it " There is. When you access the Xbox Project Scarlett, your hardware sales are unlikely to increase.
Xbox Live active users have grown to 65 million people in the quarter due to their broad coverage. On mobile devices such as the Xbox One console, Windows 10 PC, and iOS and Android, your Microsoft is getting ready for the xCloud game streaming service to go public preview in October.
On Windows, the demand for Windows Pro increased by 18% due to the demand for Windows 9 and Windows 7. Non-Pro sales, however, were again 8% lower than the overall consumer market, but once again due to "continued pressure on entry-level categories". Google's Chromebooks are still trying to compete with Microsoft's Windows laptop grips, but they continue to be successful in training and entry-level price brackets.
As always, this is Microsoft's cloud service, the mainstay of the revenue report. Sales of Office commercial products and cloud services grew 14 percent year over year, and Microsoft also has more than 180 million Office 365 business users per month.
Server and cloud service revenues increased by 22%, again increasing by a 64% increase in Azure revenue. These are sound numbers, but the lowest growth rate of Azure, which shows that Azure still has the potential to keep Google steady with Amazon.
Microsoft Recently, the Microsoft team surpassed Slack with more than 13 million active users per day. Even if Slack says it does not worry about competition, it will be a landmark milestone in just two years.
There was no big surprise in Microsoft's recent quarter, but the investor phone calls are at 5:30 pm ET / 2:30 pm EST. PT and update this article with relevant information.
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