According to Microsoft's 2019 annual report - this year was another record-breaking year for the software development giant. They earned more than $125 billion in revenue, $43 billion in operating income, and maintained more than $50 billion in operating cash flow while shareholders saw more than $30 billion in returns.
Its commercial cloud business is the largest in the world, and surpassed $38 billion in revenue in 2019. With such impressive figures, Microsoft's latest numbers are bound to make a believer out of those who remain pessimistic about cloud migration and all its benefits.
"I am proud of how we are helping organizations of every size in every industry innovate and thrive using our platforms and tools"
"And I am proud of how we are empowering everyone — consumers, students, teachers, and the more than two billion first-line workers around the world — with experiences to help them always feel confident, capable, and in control," Satya Nadella, Microsoft's Chief Executive Officer wrote.
How's this Compare to Last Year?
When compared to 2019, Microsoft's revenue grew by $15.5 billion or 14 percent, mostly driven by growth across Intelligent Cloud offerings as well as server products along with cloud services. Productivity and Business Processes revenue increased, too, primarily driven by Office and LinkedIn.
What About Teams & Azure?
What about and Azure and Teams? How did they fare this fiscal year as cloud migration is expected to rise? For starters, Microsoft reported that '95 percent of the Fortune 500 use Azure for their mission-critical workloads.' The key here is the flexibility Microsoft's hybrid cloud solution Azure extends.
Microsoft customers who want to keep tender data on their own servers while benefiting from public cloud infrastructure as well - they gain a competitive advantage in the form of efficiency and productivity with the use of Azure.
