Microsoft reported net income of $8.9 billion for the quarter ended June 30, 2018 (Q4 FY2018), up 10% from the $8.1 billion reported in the corresponding quarter last year, largely driven by its cloud business for the second straight quarter. Microsoft also attributed strong growth across most segments, including productivity and business processes for the better-than-expected showing. The company’s total revenues for the quarter stood at $30.1 billion, up 17% from $25.6 billion in Q4 FY2017. The tech giant’s operating income surged 35% to $10.4 billion this quarter from around $7.7 billion in Q4 FY2017. The company also released results for the fiscal year ended June 30, 2018. While revenue rose 14% on year to $110.4 billion operating income was grew 21% YoY to $35.1 billion, Overall, the net come for the financial year stood at $16.6 billion, down 25.5%. It is…
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