Microsoft Fourth-Quarter Beats Expectations

Microsoft (MSFT) posted better-than-expected results for its fiscal fourth-quarter as recurring subscription revenue and transactional strength in Japan drove growth in its Office Consumer Products and Cloud Services offering while sales from its Server Products soared.

The Redmond, Wash.-based technology major, which returned $7.7 billion to shareholders during the period, generated $33.72 billion in revenue during the fiscal fourth quarter ended June 30, according to results published after markets closed on Thursday. This surpassed the mean estimate of analysts polled by Capital IQ for $32.80 billion.

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Underpinning the results was a 14% increase in revenue in Microsoft’s Productivity and Business Processes to $11.05 billion, a 19% increase in its Intelligent Cloud revenue to $11.39 billion and a 4% jump in More Personal Computing to $11.28 billion.

Within the Productivity and Business Processes segment, LinkedIn revenue soared by 25%, or $371 million, Office Consumer Products and Cloud Services jumped 6%, or $57 million, which the company said was due to recurring subscription revenue and transactional strength in Japan. Office Commercial Products and Cloud Services rose by 14%, or $891 million, and revenue from Dynamics Products and Cloud Services advanced by 12% within the segment.