Microsoft Announces FY16 Q4 Earnings: Powered by Cloud

In a year dedicated to helping customers "navigate their own digital transformations" (to quote CEO Satya Nadella), Microsoft Corp. has announced its earnings for the quarter ended June 30, 2016, with strong cloud performance and positive net income sending the stock higher in after hours trading.

Among the highlights:

  • Revenue was $20.6 billion GAAP, and $22.6 billion non-GAAP
  • Operating income was $3.1 billion GAAP, and $6.2 billion non-GAAP
  • Net income was $3.1 billion GAAP, and $5.5 billion non-GAAP
  • Diluted earnings per share was $0.39 GAAP, and $0.69 non-GAAP

Microsoft reported $12.1 billion for its commercial cloud annualized revenue run rate...

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