Microsoft: $60 billion in annual revenue, but sour 4Q and a money-losing online business

Microsoft capped its fiscal year with $60.4 billion in revenue and net income of $17.

Microsoft capped its fiscal year with $60.4 billion in revenue and net income of $17.7 billion, but the fourth quarter left a sour taste for some. And Microsoft's online business lost more money in the fourth quarter than it did a year ago.

The company reported fourth quarter earnings of 46 cents a share on revenue of $15.84 billion (statement). Wall Street was looking for earnings of 47 cents a share.

Shares were down roughly 4 percent after hours.

As for the outlook, Microsoft projected first quarter revenue between $14.7 billion to $14.9 billion with earnings between 47 cents a share and 48 cents a share. Wall Street was expecting 49 cents a share.

For fiscal 2009, Microsoft projected revenue of $67.3 billion to $68.1 billion and earnings of $2.12 a share to $2.18. Wall Street was expecting earnings of $2.16 a share.

As is the norm Windows and Office carried the day for the client and business division respectively. However, Microsoft's online services business lost more money than a year ago.

Is it any wonder why Microsoft is so hot for Yahoo? Something has to save this online unit.

Here's a look at Microsoft's results by unit:

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