Microsoft has posted financial results for its fourth fiscal quarter and the year as a whole. (Instead of conforming to the calendar, Microsoft's fiscal year runs from July 1 to June 30.) The Windows giant took in $86.8 billion over the last 12 months, an 11.5% increase over its 2013 fiscal year. Net income was up, too, though by only 1%. Here are the relevant yearly numbers:
|Revenue||$86.8 billion||$77.8 billion||11.5%|
|Net income||$22.1 billion||$21.9 billion||1.0%|
|Gross margin||$59.9 billion||$57.6 billion||4.0%|
The Devices and Consumer Licensing division suffered a 1.1% revenue decline slightly over the year. That decrease was offset by 49% growth in Computer and Gaming Hardware revenue likely driven by the Xbox One. Commercial revenue also rose for both licensing and the nebulous "other" category. And, according to CEO Satya Nadella, revenue from commercial cloud products "doubled again."
Microsoft's purchase of Nokia closed during the last quarter. The acquisition contributed $2 billion in revenue, so keep that in mind as you peruse the quarterly numbers:
|Q4 2014||Q4 2013||Change|
|Revenue||$23.4 billion||$19.9 billion||17.5%|
|Net income||$4.6 billion||$5.0 billion||-7.1%|
|Gross margin||$15.8 billion||$14.3 billion||10.4%|
Although net income fell 7.1% from the same quarter in 2013, Microsoft still turned a tidy profit. Year-over-year revenue increased substantially, and gross margin ticked up over 10%. Windows volume licensing also climbed 11%, likely due to corporate upgrades inspired by the end of extended support for Windows XP. The old OS was cut off on April 8, just after the beginning of the quarter.
Looking ahead, Microsoft expects to take up to a $1.6-billion hit associated with the sweeping job cuts announced last week. The company believes most of that charge will manifest itself in the first half of fiscal 2015—over the next six months, in other words.
|Cooler Master's MasterCase Pro 6 reviewed||8|
|Aorus AC300W case offers fancy front panel connectivity||5|
|Lenovo's Towers and Y25f monitor join its Legion||3|
|HTC Vive price permanently drops to $599||5|
|Acer Nitro 5 Spin boards the eighth-gen Core train||3|
|Eighth-gen Core desktop CPUs pack six cores and need new mobos||34|
|Intel kicks off eighth-gen Core with four cores and eight threads in 15W||61|
|Asus Vivobook Pro N580VD-DB74T can do offices and kids' parties||15|
|AMD's Ryzen Threadripper 1920X and Ryzen Threadripper 1950X CPUs reviewed||116|
|Somewhere in a dark office in the US where almost everyone has left for the weekend sits a tall man in his cubicle, glaring at his computer monitor in...||+18|