More than 60 percent of that came from Dynamics 365, she said. The company said, “Dynamics products and cloud services revenue” rose by 13 percent for the fourth quarter, up 15 percent in constant currency. Microsoft does not provide operating earnings for the Dynamics business. For the current quarter, the company expects Dynamics revenue growth in “low-double digits”. During the webcast, CEO Satya Nadella said there are now 4,500 organizations using use Dynamics 365 Commerce, Finance, and Supply Chain Management. He also called Dynamics Customer Insights “ the fastest-growing Dynamics 365 application ever.” Fourth-quarter net income fell to $11.2 billion for the most recently ended period , down 15 percent from $13.19 billion. Revenue as slightly more than $38 billion, up 12.8 percent from $33.72 billion in last year’s corresponding period. For the year, net income was $44.28 billion, an increase of 12.8 percent from $39.24 billion for fiscal 2019. Revenue for the most recently ended fiscal year was $143.02 billion, a rise of 13.6 percent from $125.84 billion the prior year.Last modified on Thursday, 23 July 2020
DYNAMICS REVS TOP $3 BILLION FOR FY '20 Featured
Dynamics revenue passed $3 billion for the year ended June 30, the company said this week. It is part of an occasional look Microsoft gives into the size of the Dynamics market, this time coming from CFO Amy Hood during the week’s earnings webcast.