Microsoft reported $60.4 billion in revenue and net income of $17.7 billion for fiscal year 2008. Fourth-quarter earnings were 46 cents per share on revenue of $15.84 billion; Wall Street sought earnings of 47 cents a share.

Shares fell four percent after hours yesterday. View the investor statement.

The company's online business lost more money than in the previous year:

For fiscal year 2009, Microsoft projects revenue of between $67.3 billion and $68.1 billion, and earnings of $2.12-$2.18 per share. Wall Street expects earnings of $2.16 per share.