Microsoft’s revenue turned out to be $43.1 billion in the fourth quarter of 2020, an increase of 17% compared to the fourth quarter of 2019. Net income was $15.5 billion, an increase of 33%. Demand for Microsoft’s Azure cloud platform rose 50%.
“What we have witnessed over the past year is the dawn of a second wave of digital transformation sweeping every company and every industry,” said Satya Nadella, Chief Executive Officer (CEO) of Microsoft. “Building their own digital capability is the new currency driving every organization’s resilience and growth. Microsoft is powering this shift with the world’s largest and most comprehensive cloud platform.”
Server products and cloud services revenue increased 26% driven by the Azure cloud revenue growth of 50%. Revenue in Intelligent Cloud was $14.6 billion, an increase of 23%.
Revenue in Productivity and Business Processes was $13.4 billion, an increase of 13%, with the following business highlights:
- Office Commercial products and cloud services revenue increased 11%, driven by Office 365 Commercial revenue growth of 21%
- Office Consumer products and cloud services revenue increased 7%, while Microsoft 365 Consumer subscribers increased to 47.5 million
- LinkedIn revenue increased 23%
- Dynamics products and cloud services revenue increased 21%, driven by Dynamics 365 revenue growth of 39%