Microsoft Is Up in the Clouds.

• Author: Richter, Felix

Byline: Felix Richter

Microsoft reported strong results for the fourth quarter of its fiscal year 2019, beating analyst expectations across the board. Revenue was up 12 percent to $33.7 billion and net income jumped 49 percent to $13.2 billion, as the company continues to capitalize on its very successful cloud business.

Commercial cloud revenue reached $11.0 billion for the three months ending June 30, putting the poster child of Microsoft's strategic transformation on an annualized revenue run rate of $44 billion. In Q1 2018, the commercial cloud segment had passed an annual revenue run rate of $20 billion for the first time, reaching that...