Microsoft’s Surface and cloud focus helps boost Q4 earnings as Xbox sales disappoint
Microsoft posted the fourth quarter of its 2019 financial results today, reporting revenue of $33.7 billion and net income of $13.2 billion. Both are big increases year-over-year, setting a new record fiscal year for Microsoft. The results also come as Microsoft continues to be valued as a $1 trillion company thanks to the company’s market cap. Microsoft first passed the $1 trillion milestone in this quarter, thanks to its continued growth in cloud and diverse businesses.
Surface revenue was up in the same quarter last year, and it’s up once again by 14 percent. Microsoft attributes this to “strong growth in our commercial segment.” This growth shows that Surface hardware is selling well, despite no new refreshed models during this...