The net loss in Q4 amounted to $3.2 billion, which Bloomberg reports is its biggest loss ever. This occurs as Microsoft under new CEO Satya Nadella changes its approach to segments like hardware, and the cloud. It made more money from hardware, as revenue for Surface grew to $888 million and Xbox claimed a 27 percent gain, with 1.4 million consoles sold (XB1 + 360), compared to 1.1 million last year. Even Bing is making more money, and says its market share in search has grown to 20.3 percent (Update: On the call, Nadella said Bing will transition to profitability in the coming fiscal year). Office 365 Consumer added more than 3 million customers in Q4, and commercial cloud revenue is up 88 percent.

Microsoft is changing how it does business as seen in the upcoming launch of Windows 10. This quarter's results appear to reflect some of the painful parts of that change, and show how big the task is that Satya Nadella has in front of him. The company's earnings call is just beginning (listen in here), and we will update this post with any interesting tidbits revealed there.