Microsoft Beats Market Expectations With Better Financial Results !

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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.

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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

 

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