Microsoft has released
its Q4 earnings and naturally, led with the bright spots. In particular, the
Commercial cloud annualized revenue run rate now exceeds $8 billion.
Q4 revenues were
$22.2 billion. Gross margin, operating loss, and loss per share for the quarter
were $14.7 billion, $(2.1) billion, and $(0.40) per share, respectively.
These results include the impact of a $7.5 billion non-cash
impairment charge related to the Nokia Devices and Services (NDS) business, plus
a restructuring charge of $780 million. Still, during the quarter, Microsoft
returned $6.7 billion to shareholders in the form of share repurchases and