<http://schema.org/articleBody>
"Microsoft announced a 10% increase in revenue for its fourth quarter of 2013 on Thursday, bringing in a revenue of $19.90 billion, up from the same period last year. But the numbers missed expectations of $20.72 billion and caused the stock to drop 3% amid the news.\nMicrosoft also reported a net income of $4.97 billion. The company said the results include a $900 million charge related to Surface RT inventory adjustments.\nSEE ALSO: Is Microsoft Becoming the Do-Over Company?\n\u201CWhile our fourth-quarter results were impacted by the decline in the PC market, we continue to see strong demand for our enterprise and cloud offerings, resulting in a record unearned revenue balance this quarter. We also saw increasing consumer demand for services like Office 365, Outlook.com, Skype, and Xbox LIVE,\u201D said Amy Hood, chief financial officer at Microsoft, in a statement. \u201CWhile we have work ahead of us, we are making the focused investments needed to deliver on long-term growth opportunities like cloud services.\u201D\nAlthough Microsoft noted it is making money from smartphones, revenue from its software and patent royalties from its Android devices were combined for the results.\n\u201CWindows Phone revenue, reflecting patent licensing revenue and sales of Windows Phone licenses, increased $222 million for the quarter,\u201D Microsoft noted.\nImage: Kimberly White/Getty Images"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2013/07/18/microsoft-q4-2013/>