Microsoft closes out its fiscal 2016 with strong cloud growth
by from Techreport on (#1MVGP)
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:
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 ...