Microsoft reports full year revenue of $69.94bn for the fiscal
Microsoft has reported revenue of $17.37bn for the fourth quarter ended 30 June 2011, an 8% increase from $16.04bn revenue in the same quarter of the previous year.
The company's operating income was $6.17bn for the quarter, up 4% from the $5.93bn in the prior year's same quarter, while net income was $5.87bn, a 30% increase from $4.52bn in the same quarter previous fiscal.
The company has also reported diluted earnings of $0.69 per share for the quarter, up 35% when compared with $0.51 per share the prior year period.
Microsoft has reported record revenue of $69.94bn for the fiscal year ended 30 June 2011, a 12% increase from the prior year.
Operating income, net income, and diluted earnings per share for the year were $27.16 billion, $23.15 billion, and $2.69, which represented increases of 13%, 23%, and 28%, respectively, when compared with the prior year.
Microsoft chief financial officer Peter Klein said throughout fiscal 2011, the company delivered to market a strong lineup of products and services which translated into double-digit revenue growth, and operating margin expansion.
"Our platform and cloud investments position us for long-term growth," he added.
Microsoft Business Division revenue for the fourth quarter grew 7% and 16% for the full yearm, as Office 2010 continues to be the fastest-selling version of Microsoft Office in history with over 100 million licenses sold.
Server & Tools revenue grew 12% for the fourth quarter and grew 11% for the full year, driven by Windows Server, System Center, and SQL Server sales.
Online Services Division revenue grew 17% for the fourth quarter and 15% for the full year, primarily driven by increases in search revenue.
Entertainment & Devices Division revenue grew 30% for the fourth quarter and 45% for the full year, due to the ongoing momentum of the console, Kinect, and Xbox Live.
Microsoft chief operating officer Kevin Turner said their move to cloud services continues with the release and momentum of Office 365 and growth in Windows Azure.
Microsoft reaffirms fiscal 2012 operating expense guidance of 3% to 5% growth from 2011, or $28bn to $28.6bn.