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Microsoft Q3-FY12: Net Profit Of $5.11B; Revenues Up 6% YoY

Microsoft announced its financial results for the quarter ending 31st March 2012, reporting a 6% Year on Year increase in revenue at $17.41 billion. The company registered a net profit of $5.11 billion, compared to a profit of $5.23 billion in the same period last year, which included $461 million of tax benefit  related to a tax settlement with the US Internal Revenue Service.

The company seemed to be enthusiastic about the upcoming release of  new Windows 8 PCs and tablets, the next version of Office, and  products and services for the enterprise and consumers.

The Windows and Windows Live Division posted revenue of $4.62 billion, a 4% increase compared to the same period, last year.  The company claims that approximately 40% of all enterprise desktops are on Windows 7, worldwide. It estimates the growth in PC market to be between 2% to 4%.

The Online Services Division reported revenue of $707 million, a 6% increase from Q3-FY12, and operating loss improvement of approximately $300 million. Microsoft reported a 9% growth in online advertising revenue driven by volumes and rate improvements in search. Bing’s US marketshare was at 15.3% during the quarter.

The Entertainment & Devices Division posted revenue of $1.62 billion, a decrease of 16% from the prior period due to a soft gaming console market. Xbox remained the top-selling console in the US with a 42% share in the US market. However, Microsoft sold 1.4 million consoles in the quarter, a decrease of 48%. It did not reveal any numbers related to Windows Phone. It launched Windows Phone in China.

Skype calls: Microsoft reported 100 billion minutes of Skype calls during the quarter, up 40%.

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Microsoft had recently bagged a contract from the All India Council for Technical Education (AICTE), to deploy Office Web Apps, instant messaging and storage, over the next three months to more than 10,000 technical colleges and institutes throughout India.

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