Microsoft reports $22.6 billion in Q4 2016 revenue: Azure up 102%, Surface up 9%, and Phone down 71%

Microsoft today reported earnings for its fourth fiscal quarter of 2016, including revenue of $22.6 billion and earnings per share of $0.69. In Q4 2015, Microsoft saw $22.2 billion in revenue and a loss of $0.40 per share due to the $7.6 billion writedown related to its acquisition of the Nokia Devices and Services business.

Analysts had expected Microsoft to earn $22.14 billion in revenue and earnings per share of $0.58. In short, the company beat expectations. The company’s stock was down 1.61 percent in regular trading, but up some 3 percent in after-hours trading (expected, given the results). Microsoft said it returned $6.4 billion to shareholders in the form of share repurchases and dividends during the quarter.