Home > Industry > MS Aust. Profit Doubles To $100m In Latest Year

MS Aust. Profit Doubles To $100m In Latest Year

Microsoft Australia has reported a net profit after tax of $100 million for the year ended June 30, 2018. That’s more than twice the $47 million profit it recorded in the previous year.

Bit – surprise! – it paid just $53.3 million in tax to the Federal Government, compared with $87 million in the previous year. This is said to come after Microsoft reached a new tax arrangement with the ATO in August 2017.

According to documents Microsoft filed with the Australian Securities and Investment Commission (ASIC), Microsoft’s total revenue in FY18 was $2.3 billion, just over double the $1.1 billion it reported in the previous year.

According to the report, most of Microsoft Australia’s revenue in the 2018 year came from “products” which brought in $1.5 billion. “Services and other” revenue sources accounted for $192 million, while “commissions” reached $603 million.

Microsoft Australia said it had 1404 employees in December 2018 – the month in which it lodged its financial results.

You may also like
MS Word Passes 1 Billion Android Installs
Windows 10 To Embrace Alexa Over Cortana
Stumbling Samsung Forecast Huge Profit Decline
Windows 10 Bug Created By Microsoft, Resulting In No Back Up For Users
Netflix Generating Tens Of Millions In Revenue But Paying Less Than $260K In Taxes