Software giant Microsoft has reported record revenue for both the final quarter of the financial year 2019 and the whole year, pulling in US$33.7 billion for the quarter, a 12% year-on-year increase, and US$125.8 billion for the year, 14% more than in the preceding financial year.
Software giant Microsoft has become the third American company to hit US$1 trillion in market value after retailer and cloud provider Amazon and Apple, with the company's third-quarter results, which were better than expected, pushing up its stock price.
Software giant Microsoft has ended the fiscal year 2018 with a bang, with the final quarter bringing in revenue of US$30.1 billion, an increase of 17% over the corresponding quarter in the previous financial year.
Analysts' worst fears were realised today, with Microsoft admitting it was US$900 million short on sales projections for its Surface RT tablets.
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