Microsoft's Experiences Big Losses In Q4; Company Beats Analysts' Odds

Microsoft has incurred some big losses for its fiscal fourth quarter performance with the profit it generated.

According to a report on Mashable, analysts expected the multinational tech company to experience a large dip in its profits projecting about only $22.03 billion in revenue for the third quarter of 2015. This is way lower that their earnings for the same period in 2014 that amounted to $23.38 billion. Nevertheless, Microsoft beat the projection and earned $22.18 billion.

The Q4 revenue was also a step up from the end of last quarter on March 31 in which the company earned $21.7 billion thanks to the "increasing usage of Microsoft Azure, Office 365, Bing and Xbox Live," according to the Microsoft earning release.

In the earning release for the quarter that ended on June 30 that was released last Tuesday, it was cited that the US dollar foreign exchange rate somehow impacted the result of earnings. Had it not been for been for the strengthened value of the dollar, the revenue of the Microsoft for the recent quarter would have declined further and incurred bigger losses.

Microsoft officials said the positive outcome for the ended quarter can be attributed as well to the carefully executed plans of the company and its officials.

"Our approach to investing in areas where we have differentiation and opportunity is paying off with Surface, Xbox, Bing, Office 365, Azure and Dynamics CRM Online all growing by at least double-digits," Microsoft CEO Satya Nadella explained in the release. "And the upcoming release of Windows 10 will create new opportunities for Microsoft and our ecosystem."

"We finished the fiscal year with solid progress against our strategic priorities, through strong execution and financial discipline, which is reflected in our results for the quarter and the year," Microsoft EVP and CFO Amy Hood added.

"In our commercial business we continue to transform the product mix to annuity cloud solutions and now have 75,000 partners transacting in our cloud," Microsoft COO Kevin Turner also shared as quoted as well by Silicon Republic.

"We are also expanding the opportunity for more partners to sell Surface, and in the coming months will go from over 150 to more than 4,500 resellers globally," Turner added in the report that shared how Microsoft incurred big losses but generated profits in other aspects.

Tags
Microsoft big losses
Satya Nadella
Amy Hood
Kevin Turner
revenue
foreign exchange rate
US dollar
Microsoft Azure
Office 365
Bing
xbox live
Windows 10
Dynamics CRM Online
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