Wednesday, May 25, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Europe Proposes New E-commerce Rules
HP Enterprise to Merge IT Services Unit With Computer Sciences
Samsung Introduces Galaxy Tab Iris Equipped with Iris Recognition Technology
Microsoft Streamlines its Smartphone Business, Axes Hundrends Of Jobs
Huawei Sues Samsung Over Mobile Patents
Toyota Is Investing In Uber
Google Enhances Ads For Mobile Devices
LG G5 "Friends" LG CAM Plus, LG 360 CAM, LG 360 VR, LG TONE Devices Launch In US
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Microso...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, April 18, 2013
Microsoft Reports Record Q3 Revenue, Working On Small Touch Devices


Microsoft on Thursday reported a profit of $6 billion, in the fiscal third quarter, up from $5.1 billion, or 60 cents per share, in the year-ago quarter. The company als oconfirmed plans to produce a line of small touch-screen devices powered by Windows.

The software company announced quarterly revenue of $20.49 billion for the quarter ended March 31, 2013. Operating income, net income, and diluted earnings per share for the quarter were $7.61 billion, $6.06 billion, and $0.72 per share.

Microsoft says that these financial results reflect the net recognition of revenue related to the Windows Upgrade Offer, Office Upgrade Offer and Pre-Sales, and the Entertainment and Devices Division Video Game Deferral, partially offset by the European Commission fine.

"The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox LIVE, and Skype," said Steve Ballmer, chief executive officer at Microsoft. "While there is still work to do, we are optimistic that the bets we?ve made on Windows devices position us well for the long-term."

The Microsoft Business Division posted $6.32 billion of revenue, an 8% increase from the prior year period.

The company's Server & Tools business reported $5.04 billion of revenue, an 11% increase from the prior year period, driven by double-digit percentage revenue growth in SQL Server and System Center.

The Windows Division posted revenue of $5.70 billion, a 23% increase from the prior year period.

The Online Services Division reported revenue of $832 million, an 18% increase from the prior year period. Online advertising revenue grew 22% driven by an increase in revenue per search.

The Entertainment and Devices Division posted revenue of $2.53 billion, an increase of 56% from the prior year period.

Adjusting for the European Commission fine, Microsoft is revising operating expense guidance downward and now offers a range of $30.2 billion to $30.5 billion for the full year ending June 30, 2013. Microsoft also offers preliminary fiscal year 2014 operating expense guidance of $31.6 billion to $32.2 billion, representing 4% to 6% growth from the mid-point of fiscal year 2013 adjusted guidance.

Microsoft also announced Microsoft CFO Peter Klein will leave the company at the end of the current fiscal year, after nearly four years in role and 11 years at the company. Microsoft will be naming a new CFO from its finance leadership team in the next several weeks.

During a conference call, Klein told investors that the company plans to release new devices powered by the Windows OS, available in coming months at competitive prices. Most probably these devices are aimed at tablets currently offered by Amazon and Apple.

Klein also commented on the updated version of Windows 8 to be released later this year and code-named "Blue." He said that it will be in part a response to "customer feedback."


Previous
Next
Google Sees A Jump in Profits        All News        Samsung To Use Sharp's IGZO Display In New Notebook
Google Sees A Jump in Profits     General Computing News      U.S. House of Representatives Passes CISPA

Get RSS feed Easy Print E-Mail this Message

Related News
Microsoft Streamlines its Smartphone Business, Axes Hundrends Of Jobs
Microsoft To Accelerate Delivery of Affordable Internet Access
Microsoft Is Selling Its Feature Phone Business to Foxconn, Nokia Mobiles Return
Microsoft Positions Windows 10 As A Platform for the Intelligence Revolution
Microsoft, Google Drop Complaints Against Each Other
Microsoft Reports Profit But Windows Business Keeps Declining
Microsoft Sues U.S. Government Over Data Requests
Microsoft's Edge Browser To Limit Flash Support
Toyota, Microsoft To Work Together On Connected Technologies
Build 2016: Microsoft Announces Cloud Services, Developer Tools
Microsoft's BUILD 2016 Conference Kicks Off
Microsoft Apologizes for Offensive Tweets Made By Its 'Tay' Chatbot

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .