Microsoft Posts Strong Q4 Results Amid Xbox Revenue Decline

Microsoft reported strong fiscal-fourth-quarter revenues of $90 billion, up 18% from a year earlier. Analysts had expected $87.6 billion, and Microsoft shares are up 3% in after-hours trading.

Earnings per share came in at $4.74, above the analyst expectation of $4.24 a share on an adjusted basis. Net income was $35.8 billion, or $4.81 a share on a GAAP basis, up from $27.2 billion, or $3.65 a share a year ago.

The company attributed lower costs to its voluntary retirement program and reported an impairment charge for the Xbox business.