EmailMicrosoft (MSFT $31.03 +0.36) reported fourth quarter earnings of $0.73 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.62, while GAAP revenues rose 4.0% year/year to $18.06 billion, non-GAAP rev +7% to $18.6 billion, consensus is $18.21 bln consensus. The Server & Tools business revenue grew 13% for the fourth quarter and 12% for the full year. The Microsoft Business Division revenue grew 7% for the fourth quarter and 7% for the full year reflecting continued momentum in Office 2010 sales. The Windows & Windows Live Division revenue declined 13% for the fourth quarter and 3% for the full year.
Adjusting for the impact of the Windows Upgrade Offer, Windows Division non-GAAP revenue declined 1% for the fourth quarter and 1% for the full year. Windows 7 adoption continued with more than 50% of worldwide enterprise desktops now running Windows 7. The next version of Windows will release to manufacturing this August and will become generally available October 26, 2012. The Online Services Division revenue grew 8% for the fourth quarter and 10% for the full year reflecting growth in our search business. Bing organic U.S. search market share was 15.6% for the month of June 2012, up 120 points from the prior year period. The Entertainment and Devices Division revenue grew 20% for the fourth quarter and 8% for the full year primarily reflecting the addition of Skype. "Over the coming year, we'll release the next versions of Windows, Office, Windows Server, Windows Phone, and many other products and services that will drive our business forward and provide unprecedented opportunity to our customers and partners."
