Microsoft reported revenues of $23.38 billion for the quarter ended June 30, 2014. Gross margin, operating income, and diluted earnings per share for the quarter were $15.79 billion, $6.48 billion, and 55 cents per share, respectively.

Satya Nadella (Chief executive officer, Microsoft): I’m proud that our aggressive move to the cloud is paying off – our commercial cloud revenue doubled again this year to a $4.4 billion annual run rate.

Devices and Consumer revenue grew 42% to $10.00 billion.  Lets take a look at the business divisions:

• Windows OEM revenue grew 3%, driven by 11% growth in Windows OEM Pro revenue.
• Office 365 Home and Personal subscribers totaled more than 5.6 million, adding more than 1 million subscribers again this quarter.
• The acquired Phone Hardware business contributed $1.99 billion to current year revenue.
• Bing search advertising revenue grew 40%, and U.S. search share grew to 19.2%.
• Commercial revenue grew 11% to $13.48 billion, with the following business highlights:
• Commercial cloud revenue grew 147% with an annualized run rate that exceeds $4.4 billion.
• Windows volume licensing revenue grew 11%.
• Server products revenue, including Azure, grew 16%, with double-digit growth for SQL Server and System Center.

For Microsoft’s fiscal year 2014, the company’s revenue, gross margin, operating income, and diluted EPS were $86.83 billion, $59.90 billion, $27.76 billion, and $2.63 per share, respectively.

[Image courtesy: Microsoft]