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Microsoft sales up almost a fifth for the year

Microsoft sales up almost a fifth for the year

Microsoft has posted an 18% annual increase in revenue for the year and a 32% jump in operating profits.

For the year ended 30 June 2021, sales were $168.1 billion and operating income was $69.9 billion.

Net income was $61.3 billion, an increase of 38%.

At the same time, revenue for the fourth quarter was $46.2 billion - up 21% - and operating income went up 42% to $19.1 billion. Net income for the three months increased 47% to $16.5 billion.

“We are innovating across the technology stack to help organisations drive new levels of tech intensity across their business,” said Satya Nadella, chairman and chief executive officer of Microsoft.

“Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud.”

Amy Hood, executive vice president and chief financial officer of Microsoft, added: “As we closed out the fiscal year our sales teams and partners delivered a strong quarter with over 20% top and bottom-line growth, highlighted by commercial bookings growth of 30% year-over-year - our commercial cloud revenue grew 36% year-over-year to $19.5 billion.”

For the fourth quarter, revenue in Productivity and Business Processes was $14.7 billion and increased 25%.

Sales in More Personal Computing was $14.1 billion - jumping 9%.

Microsoft returned $10.4 billion to shareholders in the form of share repurchases and dividends in the fourth quarter of fiscal year 2021, an increase of 16% compared to the fourth quarter of fiscal year 2020.