0

Microsoft’s First Fiscal Quarter Revenues Meet Estimates

Microsoft has recently announced the figures for its first fiscal quarter, which remained to be $17.37 billion, up by 7% over the last year results. Microsoft has been able to meet the estimates of analysts for this fiscal quarter. The operating income for Microsoft remained at $7.20 billion. The net income stood at $5.74 billion, while its diluted earnings per share remained at $0.68, 10% up year over year.

Microsoft

A considerable decline has been noticed, however, in its afterhours trading, suggesting that the company may have missed the estimated target.

Microsoft COO Kevin Turner stated that “We had another strong quarter for Office, SharePoint, Exchange, and Lync, and saw growing demand for our public and private cloud services including Office 365, Dynamics CRM Online, and Windows Azure.” The other major event for Microsoft in this quarter was the finalization of the Skype’s purchase.


Advertisements

The Windows and Windows Live Division remained to be the Microsoft’s biggest assets for which 2% increase has been noticed in its revenues to bring the total at $5.62 billion and $4.8 billion in revenue, while $3.25 and $3.66 billion in operating income respectively. According to Microsoft, it has also sold over 450 million units of Windows 7 since its release.

The company’s Online Services Division also known as Bing managed to operate despite incurring losses. It has 14.7% market share, which is up by 3.5% year over year.

Of all the Microsoft products, the Server and Tools Division managed to show 10% rise in revenues over the last year.

However, when compared to Apple’s Macs, Microsoft steady sales failed to catch up with Mac’s 48% rise in revenues for the same period.

Microsoft has outdone Wall Street’s revenue estimates, which were expected to be $17.25 billion. Also, the company managed to earn the estimated EPS, i.e. $0.68 exactly in line as was expected.

Follow us on twitter2Twitter and join our facebook2Facebook Fan Page or rss2Subscribe to Our RSS Feed

Related Posts

Enjoyed this article? Submit your email to receive daily news and updates.

***You must click confirmation link sent in email. If you don't see the email, check spam folder.


Filed in: News Tags: ,

Leave a Reply

Submit Comment

© 4154 Tech Readers. Reproduction without explicit permission is prohibited. All Rights Reserved. XHTML / CSS Valid.