Microsoft Beats Market Expectations With Better Financial Results !

Must Read

Nokia has recently announced a dismal Q1 earnings in fiscal 2012. Company’s market share dropped to a minimal level–condition of the company has more worsened after teaming up with Windows Phone last year. While on the other side, Microsoft has reportedly stated its third-fiscal earnings of 2012, surpassed analyst expectations around the world. The company announced $17.41 billion revenue for the Q3 ended March of this years, up 6% from the same quarter revenue a year before. According to the company, the operating income was $6.37 in Q3 ending March 2012, up 12% from a year ago.

Likewise, net income and diluted earnings per share were $5.11 billion and $0.60 per share respectively in the Q3 ending March of this year. In Q3 of fiscal 2012, majority of Microsoft divisions incredibly reported a positive upshot. Besides, strong adoption of Windows Phone across the world boosted Windows as well as Windows Live Division to generate post revenue of $4.62 billion, up 4% from a year ago in the same quarter. While Server & Tools business of the company posted $4.57 billion revenue in third-quarter ending March this year, a 14% increase from the year prior.

Microsoft’s CEO–Steve Ballmer–said,  “We’re driving toward exciting launches across the entire company, while delivering strong financial results. With the upcoming release of new Windows 8 PCs and tablets, the next version of Office, and a wide array of products and services for the enterprise and consumers, we will be delivering exceptional value to all our customers in the year ahead.”

Microsoft’s Business Division accounted $5.81 billion revenue to the company in Q3 fiscal 2012, up 9% from the prior year period, while its Online Services contributed $707 million in Q3 ending March this year, increase 6% from a year back in the same quarter.

Advertisements

Entertainment & Devices Division could not perform well, accounted revenue of $1.62 billion, down 16% from the prior year. However, the division succeeded to shine somewhat after the company came off with Kinect this year. Microsoft has revised an operating expense guidance which range from $28.3 billion to $28.7 for the entire year ending June 30 of this year.

Source: Microsoft Investor Relation

 

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Meta introduces 3D Avatars for Facebook, Instagram, and you must use it

Meta Platforms, Facebook's parent company, has introduced virtual 3D avatars for Indian users. The avatars will be available...
- Advertisement -

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...
spot_img

More Articles Like This