Microsoft released its financial results for its fiscal Q4 and its entire fiscal 2016 today. The company took in $20.6 billion in revenue and made $3.1 billion in operating income. While Microsoft earned 7% more revenue in the year-ago quarter, it also posted a $2 billion operating loss, so the return to profitability is welcome. Here's a quick tabulation of the company's results compared to a year ago:
|Q4 FY 2016||Q4 FY 2015||Change|
|Revenue||$20.6 billion||$22.2 billion||down 7%|
|Operating income||$3.1 billion||-$2 billion||—|
|Net income||$3.1 billion||-$3.2 billion||—|
The More Personal Computing division (responsible for Windows and Surface devices) took in $8.9 billion in revenue, down 4% from a year ago. The company reported a surprising 27% increase in Windows OEM revenue for non-Pro licenses. The company's Surface Pro 4 and Surface Book helped that business grow 9%. Phone revenue was bleak—Microsoft recorded a 71% revenue decline from that business compared to a year ago.
The company's Intelligent Cloud division took in $6.7 billion, a 7% increase from a year ago. Microsoft more than doubled its Azure cloud revenue, and it says it has more than twice as many Azure compute resources in use compared to a year ago.
Productivity and Business raked in $7 billion, 5% more than a year ago. Microsoft cites Office 365 business client growth of 54% and consumer growth of 19% as part of the reason for the change.
For its fiscal 2016, Microsoft earned $85.3 billion in revenue, down 9% from its fiscal 2015, and made $28.2 billion in operating income, up 7% from last year. The company will provide guidance on its next quarter on its earnings webcast at 5:30 PM ET.