YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Microsoft's cloud bet pushes annual sales over $100B

Posted online

Microsoft's bet on the cloud helped to push its annual sales past $100 billion for the first time.

Microsoft reported $110 billion in sales for its 2018 fiscal year that ended in June. That's up 14 percent from the previous fiscal year.

The company's commercial cloud business increased its revenue by 53 percent to $6.9 billion in the last quarter of the fiscal year.

CEO Satya Nadella credited "early investments" in cloud services for the results.

Read more from CNNTech.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Spring 2024 Construction in the Ozarks

Construction professionals are transforming the landscape – here’s a glimpse of their work in progress.

Most Read
SBJ.net Poll
Update cookies preferences