Microsoft announced their fourth quarter results for their fiscal year 2016. For the quarter, Microsoft had revenues of $20.6 billion, which is a 7% decline compared to Q4 2015. Gross margin came in at 61.2%, down from over 66% a year ago. In their Q4 2015, Microsoft wrote down the majority of their Nokia acquisition, so take that into consideration against the rest of their results. Operating income for the quarter was $3.08 billion, as compared to an operating loss of $2.053 billion a year ago. Net income was $3.122 billion for the quarter, compared against a $3.195 billion net loss due to the write down at the same time last year. Earnings per share were $0.39, compared to a $0.40 loss per share last year.