Microsoft Corp. reported fourth-quarter net income of $3.7 billion, or 34 cents per share, up from $2.7 billion, or 25 cents a share a year earlier.

Revenue rose to $10.16 billion from $9.29 billion. Company officials attributed growth in the quarter to "continued strength in the Server and Tools business." Growth in the Xbox division also added to the strong results, they said.

Analysts had expected earnings of 31 cents and revenue of $10.17 billion, according to those polled by Thomson Financial Network.

"We closed out a record fiscal year with strong revenue growth in the fourth quarter driven by healthy, broad-based demand across all customer segments and channels," Chris Liddell, chief financial officer of Redmond-based Microsoft, said in a statement.

For the fiscal year, the company reported record revenue of $39.79 billion, up from $36.84 billion last year. Net income for the year was $12.25 billion, or $1.12 per diluted share, compared with $8.17 billion, or 75 cents a share a year earlier.

Management said it expected revenue in the range of $43.7 billion and $44.5 billion in the next fiscal year, as well as earnings in the range of $1.27 to $1.32 per share. For the next quarter, management expects revenue in the range of $9.7 billion to $9.8 billion and diluted earnings per share between 29 cents and 31 cents.