Both measures for the June-ended period topped Wall Street expectations.
Server products and cloud services revenue increased 19%, driven by Azure revenue growth of 47%, also representing increased cloud usage and demand.
"In our per-user business, growth continued to moderate, given the size of our enterprise mobility installed base, which grew 26 per cent to over 147 million seats", he informed.
Some of the key announcements made during the event include, enhancements to Azure Lighthouse by bringing Multi-Factor Authentication and Privileged Identity Management support; Azure Stack HCI, the latest in Microsoft's hybrid portfolio and now in public preview, that brings hybrid capabilities to customers' datacenters while enabling them to leverage existing skills and investment; and new bundled services for Lenovo Managed Services that are created to help small- and medium-sized businesses support Microsoft software productivity, security, and collaboration. "Organizations that build their own digital capability will recover faster and emerge from this crisis stronger", Microsoft CEO Satya Nadella said in a statement late Wednesday as he announced results for the company's fourth quarter of fiscal year 2020. It beat by some margin analyst consensus, which pegged Q4 turnover at $36.5 billion.
Microsoft shares fell as much as 3 per cent in extended trading, although quarterly revenue guidance was already lighter than expected.
Revenue meanwhile rose 13 per cent to $38 billion (Dh140 billion), led by strong gains in its cloud computing and its Xbox gaming operations.
Revenue rose 6% to $11.75 billion for its productivity and business process division, which includes LinkedIn, sales-management software Dynamics and commercial subscriptions to the Office 365 product suite. Microsoft is set to launch a new console, the Xbox Series X, in November, which would normally mean slower sales of hardware at this point in the current Xbox One cycle.
Gold jumps 1% to multi-year peak on weaker dollar, stimulus hopes
In overseas market , spot gold jumped more than 1% on Wednesday to its highest in almost nine years, driven by a weaker dollar and safe-haven buying.
Cristiano Ronaldo breaks Serie A records
For United, he netted 118 goals in 292 games, while for Real, Ronaldo scored 450 goals in 438 games. Lazio are seated at the fourth place now in the league standings with 69 points.
CDC extends US ban on cruise ships through September
Coronavirus infections are rising in 40 states, and daily deaths have climbed more than 20 per cent from a week ago. In addition, 9 ships still have ongoing or resolving COVID-19 outbreaks on board.
Analyst Patrick Moorhead of Moor Insights & Strategy told SiliconANGLE that Microsoft blew the estimates away, benefiting from the reaction of businesses, governments and schools to the ongoing coronavirus pandemic. But Microsoft's forecast for some versions of its Office software slightly missed expectations because of weak sales to struggling small and mid-sized businesses.
The company's personal computing segment was a bright spot for the quarter. But some cloud customers also have been looking to cut costs as they grapple with the effects of the economic downturn from the coronavirus outbreak.
Going forward, Microsoft projected $35.61 billion in revenue for the fiscal first quarter for an 8% increase in revenue.
Microsoft shares have climbed about 34% since the beginning of the year.
For the fiscal year, Microsoft Chief Financial Officer Amy Hood said the company closed a record number of multi-million dollar commercial cloud contracts, with material growth in the number of $10-million-plus Azure contracts.
Microsoft also added new capabilities to its Teams platform in the company's efforts to empower Firstline Workers connect and engage with information, apps and co-workers while enabling organizational agility.