We continued to build upon our success in the cloud. Commercial cloud revenue hit a $4.4 billion annual run-rate, making us an undisputed leader; we grew Hyper-V to 30.6 percent of the market, taking share from competitors; and we expanded our datacenter footprint into Australia, Brazil, Japan and China. We brought industry-leading in-memory technology to the new version of SQL Server 2014, and we launched two cloud-based services — the Enterprise Mobility Suite for handling identity and security on devices, and the Azure Intelligent Systems Service for managing the “Internet of Things.”
Despite this busy year of new products and significant change for the company, we delivered strong results, including revenue of more than $86 billion, gross margin of nearly $60 billion and operating income of $27.8 billion. We also returned more than $15.7 billion in cash to our shareholders, a 27 percent increase from 2013.