On July 19, US Eastern Time, Microsoft announced its financial statements for the fourth quarter and the full year ended June 30, which was Microsoft’s first earnings report after the acquisition of LinkedIn. The report shows that according to the United States General Accounting Standards (GAAP), the company’s revenue for the quarter was US$20.6 billion, which was US$22.2 billion in the same period of last year, which was a year-on-year decline of 7%; operating profit was US$3.1 billion, compared with an operating loss of US$2.1 billion in the same period of last year The net profit was 3.1 billion U.S. dollars, compared with a net loss of 3.2 billion U.S. dollars in the same period of last year; diluted profit was 39 cents per share, compared with 40 cents per share in the same period of last year. According to Non-GAAP, the company’s revenue for the quarter was US$22.6 billion, compared to US$22.2 billion in the same period of last year, which was a year-on-year increase of 2%; operating profit was US$6.2 billion, compared with US$6.4 billion in the same period of last year. It fell 3%; net profit was US$5.5 billion, compared with US$5.1 billion in the same period of last year, an increase of 8% year-on-year; diluted profit was 69 cents per share, compared to 62 cents per share in the same period of last year, an increase of 11% year-on-year. Microsoft's "Smart Cloud" business revenue grew 7% to $ 6.7 billion, and analysts expected $ 6.61 billion. This business includes the Azure cloud platform and server software. Microsoft’s core cloud product, Azure’s operating revenue, increased by 102%. Although the cloud computing business currently only accounts for one-third of the company's revenue, it is the main driving force for Microsoft and its share price growth. Satya Nadella, Microsoft’s CEO, said: “Organizations that use digital technology to transform and promote new growth are increasingly choosing Microsoft as a partner. As these organizations turn to cooperate with us, we Seeing that Microsoft's cloud services and Windows 10 are gaining momentum. This shows that Nadella will continue to make the cloud computing business with good momentum as one of the key priority businesses. Microsoft’s “Production and Business Processes†business, including Microsoft Office 365 and Dynamics Services, has increased sales revenue by 4.6% to $6.97 billion . Microsoft Office 365 products will have to change to a subscription-based business model, which will increase the sales growth of Office 365 in the future. When Microsoft acquired LinkedIn, it said that this acquisition can boost the growth of Microsoft Office 365 and Dynamics services. The company’s operating revenue for its personal computer business fell 6.3% in the fourth quarter to reach US$40.46 billion. Telephony sales plunged 71%, still losing money. In the fourth quarter, Microsoft returned $6.4 billion in cash to shareholders by repurchasing shares and distributing dividends. Microsoft said it will provide performance outlook data in its subsequent earnings conference call. GAAP revenue was $85.3 billion, down from $9.35 billion in fiscal 2015; Non-GAAP revenue was $92 billion. GAAP operating profit was $20.2 billion, which was higher than the $18.1 billion in fiscal 2015; Non-GAAP operating profit was $27.9 billion. GAAP net profit was 16.8 billion U.S. dollars, higher than the 12.197 billion U.S. dollars in fiscal year 2015; Non-GAAP net profit was 22.3 billion U.S. dollars. GAAP diluted earnings per share was $2.10, higher than $1.48 in fiscal year 2015; Non-GAAP diluted earnings per share was $2.79. Overall, Microsoft's financial report was strong. After the financial report was released, Microsoft's share price rose by more than 4%. The current increase is 3%. Via TC, Microsoft's official website, Netease Technology, Sina Finance, etc. FGI SCIENCE AND TECHNOLOGY CO., LTD , https://www.fgi-tech.com
