Shares are down about 1.4% in post-market trading following the release, which shows a decline in revenues for the Entertainment and Devices Division which includes the Xbox. Microsoft ended its fiscal Q2 with net income of $6.38B, -3.7% vs the last three months of 2011, on revenues of $21.46B, +2.7%. Analysts expected revenues to come in a little higher, at $21.53B. But earnings at 76 cents a share slightly beat forecasts for 75 cents. Revenues at the Windows Division were up 24% to $5.88B. Microsoft says it has sold more than 60M licenses for its new Windows 8 operating system. But Entertainment and Devices was down 11% to $3.77B — although the company says it’s just off 2% to $4.15B if you factor in previously deferred revenue for pre-sales of Windows 8 on phones and other gadgets. The Business Division was down 10% to $5.69B. But here, too, Microsoft says the numbers would look better — +3% to $6.48B — if you include deferred revenue for pre-sales of upgrades for Microsoft Office. “Our big, bold ambition to reimagine Windows as well as launch Surface and Windows Phone 8 has sparked growing enthusiasm with our customers and unprecedented opportunity and creativity with our partners and developers,” CEO Steve Ballmer says. “With new Windows devices, including Surface Pro, and the new Office on the horizon, we’ll continue to drive excitement for the Windows ecosystem and deliver our software through devices and services people love and businesses need.”
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This article was printed from http://www.deadline.com/2013/01/microsoft-q4-earnings/
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