Microsoft releases Earnings Report, First Quarter sees declines
Microsoft has announced it's first quarterly report for the 2013 Fiscal Year. The company reported a quarterly revenue of $16.01 billion for the quarter ending September 30, 2012. This is down 8% from a year ago and likely due to consumers holding off on computer purchases until Windows 8 hits the shelves.
Other key numbers from the FY13 Q1 Earnings report has Operating Income at $5.31 billion and Diluted Earnings Per Share at $.53 per share. Both Income and Diluted EPS were down 26% and 22% respectively from last year.
The Entertainment and Devices Division that is responsible for the Xbox and Windows Phones posted revenue of $1.95 billion. This represents a 1% decrease from the previous year. On the positive, Xbox consoles continue to dominate with a 49% market share and the newly acquired Skype continues it's positive growth with over 280 million users.
While the Earnings Report had declines, Microsoft CEO Steve Ballmer remains positive with Windows 8 and Windows Phone 8 just around the corner.
“The launch of Windows 8 is the beginning of a new era at Microsoft. Investments we’ve made over a number of years are now coming together to create a future of exceptional devices and services, with tremendous opportunity for our customers, developers, and partners.”
It will be interesting to see how the release of Windows 8 and the new Windows Phone 8 devices will effect the second quarter earnings for Microsoft. You can find all the Earnings Report numbers at the source link below and we'll have a more detailed analysis up shortly.