Microsoft Corp Q4 2016 Earnings: Titbits You May Have Missed
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1. Microsoft Corp. (MSFT) net income was $3.12Bil or $0.39 per diluted share vs. net loss of $3.19Bil or $0.40 loss per diluted share in 4Q15. Revenues fell 7% to $20.6Bil.
2. During 4Q16, MSFT returned $6.4Bil to shareholders in the form of share repurchases & dividends.
3. The company’s Productivity & Business Processes segment saw a revenue increase of 5%, Intelligent Cloud revenue rose 7% and More Personal Computing revenue fell 4%.
4. In June, the company further strengthened its security value proposition with the release of advanced security management.
5. With more than $12Bil in commercial cloud annualized revenue run rate, MSFT is on track to reach goal of $20Bil for Cloud in FY18.