Microsoft Q4 FY17 Earnings: Azure revenue grew 97%

Microsoft today announced FYQ4 2017 earnings results. Revenue was $23.3 billion GAAP and Net income was $6.5 billion GAAP. Revenue in Intelligent Cloud was $7.4 billion and increased 11% (up 12% in constant currency), with the following business highlights:

Microsoft reported that Server products and cloud services revenue increased 15% (up 16% in constant currency) driven by strong Azure revenue growth of 97% (up 98% in constant currency). Also, the Enterprise Services revenue decreased 3% (down 1% in constant currency) with declines in custom support agreements offset by growth in Premier Support Services.

Microsoft also mentioned that Azure compute usage more than doubled when compared to same period last year. Also, Azure premium services revenue grew triple digits once again this quarter. Enterprise Mobility is a strong growth area for Microsoft and their installed base increased to 50 million already. Server products revenue including Windows and SQL server grew 4% (up 5% CC).

“We delivered a strong finish to the year with 30% growth in commercial bookings this quarter,” said Amy Hood, executive vice president and chief financial officer at Microsoft. “We will continue to invest in key areas that drive future growth for Microsoft and our customers.”