Evil $MSFT Posts a Solid, Albeit Boring, Quarter

Holy shit I couldn’t care less about this piece of shit company. Why can’t this company go private, like DELL, are leave us alone with their stupid fucking earnings announcements?

Here, for those of you booze hounds still interested in Microsoft, Bill Gates fanboys, are the results for the quarter than past.

• Reports Q4 (Jun) earnings of $0.69 per share, $0.11 better than the Capital IQ Consensus of $0.58; non-GAAP revenues rose 2.1% year/year to $22.64 bln vs the $22.14 bln Capital IQ Consensus.
  • The current quarter effective tax rate reflected a favorable mix of our income between the U.S. and foreign countries, as well as benefits associated with distributions from foreign affiliates. As such, the non-GAAP tax rate was 15%.
• Revenue in Productivity and Business Processes grew 5% (up 8% in constant currency) to $7.0 bln vs. $6.5-6.7 bln guidance:
  • Office commercial products and cloud services revenue grew 5% (up 9% in constant currency) driven by Office 365 commercial revenue growth of 54% (up 59% in constant currency)
  • Office consumer products and cloud services revenue grew 19% (up 18% in constant currency) with Office 365 consumer subscribers increasing to 23.1 mln ·
  • Dynamics products and cloud services revenue grew 6% (up 7% in constant currency) with Dynamics CRM Online paid seats growing more than 2.5x year-over-year
• Revenue in Intelligent Cloud grew 7% (up 10% in constant currency) to $6.7 bln vs. $6.5-6.7 bln guidance:
  • Server products and cloud services revenue increased 5% (up 8% in constant currency) driven by double-digit annuity revenue growth
  • Azure revenue grew 102% (up 108% in constant currency) with Azure compute usage more than doubling year-over-year
  • Enterprise Mobility customers nearly doubled year-over-year to over 33,000, and the installed base grew nearly 2.5x year-over-year
• Revenue in More Personal Computing declined 4% (down 2% in constant currency) to $8.9 bln vs. $8.7-9.0 bln guidance:
• Windows OEM non-Pro revenue grew 27% (up 27% in constant currency), outpacing the consumer PC market, and Windows OEM Pro revenue grew 2% (up 2% in constant currency)
• Surface revenue increased 9% (up 9% in constant currency) driven by Surface Pro 4 and Surface Book
• Phone revenue declined 71% (down 70% in constant currency)
• Xbox Live monthly active users grew 33% year-over-year to 49 mln
• Search advertising revenue excluding traffic acquisition costs grew 16% (up 17% in constant currency) with continued benefit from Windows 10 usage.
• Microsoft returned $6.4 bln to shareholders in the form of share repurchases and dividends.