Microsoft's fiscal third quarter earnings (the calendar's first) can reflect the post-holiday lull, and there's a certain truth to that for Q3 2013: the company is reporting $20.49 billion in revenue, lower than what it saw during the holidays, and an equally soft $6.06 billion in profit that dipped below both the previous quarter and the same period last year. That said, any potential slowdown in PC sales isn't clearly manifested here. Possibly owing to the afterglow of the Windows 8 launch, the Windows Division's revenue of $5.7 billion is a sharp increase from the $4.62 billion of a year ago, and it's dampened mostly by having to defer $1.09 billion of that revenue for those who took advantage of Windows 8 upgrade deals. The company also posted healthy year-over-year revenue gains for its Entertainment and Devices Division (to $2.53 billion) and Online Services Division (to $832 million), although the Business group saw a relatively modest 8-point jump to $6.32 billion despite the launches of Office 2013 and Office 365.
As part of the results, CFO Peter Klein has given advance notice that he's leaving Microsoft at the end of the company's fiscal year, which ends in June. Neither the company nor Klein has explained the departure, but it's characterized as a friendly one, rather than the abrupt exit we saw the last time around.
Filed under: Desktops, Laptops, Software, Microsoft
Source: Microsoft
Source: http://www.engadget.com/2013/04/18/microsoft-posts-q3-2013-earnings/
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