Wednesday, June 3, 2020

Microsoft misses in Q4 2015

Microsoft today reported that it brought in $22.2 billion in revenue in the fourth quarter of its 2015 fiscal year, which ended on June 31. Analysts were expecting $22.06 billion in revenue for the quarter.

Meanwhile, Microsoft reported 40 cents in operating loss per share as a result of a $7.5 writedown related to the 2014 acquisition of the Nokia Devices and Services business, as well as a $780 million charge for the restructuring plan announced earlier this month, the company said in its press release about theearnings statement. Microsoft said it also faced a separate $160 million charge because of its earlier restructuring activity.

Altogether, Microsoft is delivering a $3.19 billion net loss — or a 40 cent loss per share — to shareholders. Revenue was down 5 percent year over year. Microsoft stock was down more than 3 percent after the earnings release.The declining PC market resulted in decreases for Office commercial and consumer revenue and Windows OEM and volume licensing revenue. Revenue for Microsoft’s Lumia and non-Lumia phones both fell, too.

Despite that context, there are some bright spots for Microsoft to point to today. Commercial cloud revenue, for products like Azure, Office 365, and Dynamics CRM Online, was up 88 percent year over year, growing by $832 million, with an annual run rate of $8 billion. Surface revenue grew by 117 percent year over year, up to $888 million. And first-party video game revenue — think Minecraft — was up 62 percent, to $63 million.

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