Microsoft Corp. (NASDAQ:MSFT) saw its shares rocket early Friday, after the tech giant Thursday announced the following results for the quarter ended June 30, 2019, as compared to the corresponding period of last fiscal year.
Revenue was $33.7 billion and increased 12%. Operating income was $12.4 billion and increased 20%
Net income was $13.2 billion GAAP – up 49% -- and $10.6 billion non-GAAP, hiking 21%. Diluted earnings per share were $1.71 GAAP – increasing 50% -- and $1.37 non-GAAP, up 21%.
GAAP results include a $2.6-billion net income tax benefit.
"It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry,” said Satya Nadella, chief executive officer of Microsoft.
"Every day we work alongside our customers to help them build their own digital capability - innovating with them, creating new businesses with them, and earning their trust. This commitment to our customers’ success is resulting in larger, multi-year commercial cloud agreements and growing momentum across every layer of our technology stack."
Microsoft returned $7.7 billion to shareholders in the form of share repurchases and dividends in the fourth quarter of fiscal year 2019.
Revenue in Intelligent Cloud was $11.4 billion and increased 19% (up 21% in constant currency)
Revenue in More Personal Computing was $11.3 billion and increased 4%
The company, based out of Redmond, Wash., "enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more."
Shares leaped $2.93, or 2.2%, to $139.50
