Microsoft has announced its quarterly earnings for the fiscal quarter just ended as well as financial results for its last fiscal year.
Microsoft this week released details for the fourth quarter of the company's 2011 fiscal year, which ended June 30. Redmond recorded revenue of $17.37 billion for the quarter, an eight percent increase from the same period of the prior year. Operating income, net income, and diluted earnings per share for the quarter were $6.17 billion, $5.87 billion, and $0.69 per share, which represented increases of four percent, 30 percent, and 35 percent, respectively, year-over-year.
Because this was the end of Microsoft's FY2011, the company also released details for the entire year. For FY2011, Microsoft reported record revenue of $69.94 billion, a 12 percent 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 percent, 23 percent, and 28 percent year-over-year.
Microsoft reports that its Microsoft Business Division revenue for the fourth quarter grew 7 percent with revenue for the full year increasing 16 percent, while Server and Tools revenue grew 12 percent for the fourth quarter, making it the fifth consecutive quarter of double-digit growth, and grew 11 percent for the full year. Windows and Windows Live Division revenue saw a 1 percent decline for the quarter just ended and revenue for the full year decreased 2 percent. Redmond's Online Services Division revenue grew 17 percent for the quarter and 15 percent for the full year, which the company attributes to increases in search revenue (Bing's U.S. search share increased 340 basis points year-over-year to 14.4 percent this quarter). The ongoing popularity of Microsoft's Xbox 360 and Kinect helped revenue for the Entertainment and Devices Division grow 30 percent for the fourth quarter and massive 45 percent for the year.
"A strong year of double-digit increases in revenue and earnings is a real credit to all of our Microsoft employees and partners around the world. We continue to see strong business demand across all of our products, from small businesses all the way up to the largest global enterprises,” said Kevin Turner, chief operating officer at Microsoft. "Our move to cloud services continues with the release and momentum of Office 365 and growth in Windows Azure. We’re providing our customers seamless and powerful ways to move to the cloud, and we are well positioned for the coming year.”