Microsoft’s Q4 earnings beat Street with $22.6B in revenue

 Microsoft today reported earnings for its fourth fiscal quarter  of 2016, its first earnings report after announcing its proposed  acquisition of LinkedIn. The company’s earnings came in at a non-GAAP  revenue of $22.6 billion ($20.6 billion GAAP) and $0.69 of non-GAAP  per-share profit ($0.39 GAAP), and were well above expectations. Like in  previous quarters, the results reflect strong growth in Microsoft’s  cloud businesses. Wall Street expected the company to report earnings per share of $0.58 on revenue of $22.14 billion. The company’s stock was trading up 3.5 percent right after the earnings were announced. As Microsoft’s director of investor relations Zack Moxcey told me  after the earnings announcement, the GAAP results this quarter still  reflect the charges Microsoft took related to its phone business and  adjustments for Windows 10 revenue deferrals. He also attributed part of  Microsoft’s higher than expected earnings to the company’s lower than  expected tax rate. 

 In the year-ago-quarter, Microsoft’s revenue was $22.2 billion, but  earnings per share came to a $0.40 loss because of the $7.5 billion  charge Microsoft took related to its acquisition of Nokia. Without the  charge, the company’s earnings per share would have been $0.62. “This past year was pivotal in both our own transformation and in  partnering with our customers who are navigating their own digital  transformations,” said Satya Nadella, chief executive officer at  Microsoft. “The Microsoft Cloud is seeing significant customer momentum  and we’re well positioned to reach new opportunities in the year ahead.” 

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https://techcrunch.com/2016/07/19/microsofts-q4-earnings-beat-with-22-6b-in-revenue-0-69-eps/