Bill Snyder at TheStreet.com:
Microsoft grew revenue by 9% during its fourth quarter to a record $11.84 billion, but still fell a bit shy of Wall Street’s expectations and didn’t deliver any of the earnings upside that some were hoping for.
The world’s largest software company posted a profit of $3.65 billion, or 34 cents a share, including a 1-cent-a-share tax benefit, which equaled the 33-cents-a-share consensus of analysts polled by Thomson First Call. Analysts were looking for sales of just under $12 billion.
Operating income in the quarter dropped by 2% to $4.66 billion, reflecting heavy investments for the company’s new line of products, Microsoft said after the closing bell Thursday.
The best news (as always lately) was in Servers and Tools. From the press release:
Server and Tools revenue grew 14% over the prior year on strength across the product line. The growth of SQL Server was robust with over 20% year over year revenue growth.
Update: Also worthy of note is that the outlook offered by Microsoft for the quarter ending in March and the reminder of fiscal year ending in June is almost identical to this quarter’s results.