Tuesday July 19, 2016

Microsoft Reports $22.6 Billion In Q4 2016 Revenue, $965 Million From Surface

Microsoft’s latest earnings have just been released, and they did better than expected. The graphs would suggest that the company’s future probably lies with cloud services, which grew 7 percent to $6.7 billion.

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Analysts had expected Microsoft to earn $22.14 billion in revenue and earnings per share of $0.58. In short, the company beat expectations. The company’s stock was down 1.61 percent in regular trading, but up some 3 percent in after-hours trading (expected, given the results). Microsoft said it returned $6.4 billion to shareholders in the form of share repurchases and dividends during the quarter. "This past year was pivotal in both our own transformation and in partnering with our customers who are navigating their own digital transformations," Microsoft CEO Satya Nadella said in a statement. "The Microsoft Cloud is seeing significant customer momentum and we’re well positioned to reach new opportunities in the year ahead."