Microsoft posted record fourth-quarter and full-year revenues despite sluggish sales of Windows and PCs, which were impacted by Apple’s iPad and iPad 2.Microsoft reported Q4 revenues of $17.4 billion, an 8% jump over the same quarter in 2010. Revenues for its fiscal year, which ended June 30, were also a record $69.9 billion, up 12% from fiscal 2010.
The company’s net income for the quarter was $5.87 billion. For the year, it was $23.2 billion. Those were increases of 30% and 23%, respectively.
Bright spots for fiscal 2011 included the Microsoft Business Division, which grew its revenues 16% for the year, and Server & Tools, which expanded 11%. Online Services revenues also jumped 15%, driven by the growth ofBing, the company’s search engine. Entertainment & Devices grew its revenues 45% for the year thanks to the successful Kinect introduction and continued strong sales for Xbox 360 and Xbox Live.
On the other hand, Windows and Windows Live revenues fell 2% for the year even though Windows 7 sold more than 400 million licenses. Microsoft estimates that sales of PCs to consumers fell 1% for the fiscal year, though sales of PCs to businesses rose 11%.
The company’s earnings compare unfavorably with Apple’s Q3 earnings, which were also announced this week. Apple’s quarterly revenues hit a record $28.57 billion and earnings were another record at $7.31 billion. Apple sold 9.25 million iPads during the quarter, an increase of 183% compared to the same period in 2010. Mac sales also jumped 14%.
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