Microsoft posts higher earnings
Entertainment and devices division grew fastest in Q4Microsoft posted a fiscal fourth-quarter profit that narrowly missed expectations, then offered weak guidance, sending its stock lower in after-hours trading.
The company said it earned $4.3 billion, up from $3 billion a year ago. On a per-share basis, it earned 46 cents, a penny less than analysts had expected.
Revenue rose 18% to $15.84 billion, enough for COO Kevin Turner to crow that the company topped $60 billion in annual revenue, which he called "an outstanding accomplishment."
Microsoft's fastest growing business during the quarter and the full year was its entertainment and devices division, where revenue climbed 37% to $1.6 billion in the fiscal fourth quarter. The division's revenue was up 34% to $8.1 billion for the fiscal year.
Microsoft shares, up 1% to $27.52 during the regular session, tumbled 6% in after-hours trading.