Microsoft Reports $6.5 Billion in Net Income for FY 2017 Q4
Last Thursday Microsoft Corp. (NASDAQ: MSFT) announced its fourth quarter results for its fiscal year ending June 30, 2017, including total revenue of $23.3 billion, operating income of $5.3 billion, net income of $6.5 billion and diluted earnings per share of $0.83. All figures reported are GAAP. The company credits its growing cloud business for its strong fourth quarter results, citing a commercial cloud annualized revenue run rate (ARR) in excess of $18.9 billion. The company’s goal is to achieve a commercial cloud ARR of $20 billion in fiscal 2018.
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