Microsoft closed out its fiscal year with a fourth quarter that included a hefty loss due to restructuring the Nokia business as well as bright spots largely related to its enterprise business.
The company reported a fourth quarter loss of $2.05 billion, or 40 cents a share, courtesy of a $7.5 billion write-down for the Nokia purchase and restructuring charge of $780 million. Excluding charges, Microsoft reported earnings of 62 cents a share. Revenue for the fourth quarter was $22.18 billion.
Wall Street was expecting Microsoft to report fourth quarter pro forma earnings of 56 cents a share on revenue of $22.06 billion.
Microsoft's fourth quarter included a bevy of moving parts and represented the first one where the company began recognizing Windows 10 revenue over time similar to a subscription business. Like most technology companies, Microsoft also wrestled with currency fluctuations. Microsoft's commercial business also came in light relative to expectations.
Windows 10 lands next week and Microsoft is hoping the new OS ushers in a Windows as a service business model. Also see: