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Microsoft Q1FY13: $4.47B Net Profit; Revenues Down 8% YoY

Microsoft announced its financial results for the quarter ending 3oth September 2012, reporting an 8% Year on Year decline in revenue at $16.01 billion. The company registered a net profit of $4.47 billion, and earnings per share of $0.53, compared to a net profit of $5.7 billion,and EPS of $0.68, during the same quarter, last year.

According to Microsoft, these financial results reflect the deferral of $1.36 billion of revenue and $0.13 of diluted earnings per share, due to the Windows Upgrade Offer, pre-sales of Windows 8 to OEMs prior to general availability, and the Office Offer.

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 $3.24 billion, a 33% decrease compared to the same period, last year.  The next version of Windows will become generally available on October 26, 2012.

The Online Services Division reported revenue of $697 million, an 9% increase from Q1-FY13.  Online advertising revenue increased 15% driven primarily by rate improvement in search business.

The Entertainment & Devices Division posted revenue of $1.95 billion, a decrease of 1% from the prior period. Xbox remained the top-selling console in the US During the year. Earlier this week, Microsoft announced Xbox Music, which leverages the cloud to integrate the music experience across the tablet, PC, phone and TV, and has a worldwide catalogue of over 30 million songs.

Microsoft also announced pricing, market availability and opened pre-orders for its Surface tablet.It will also be launched on October 26th.

Windows Phone 8 will launch at an event on 29th October, with an expanded array of products, prices, carriers, and markets

Skype calls: Microsoft reported 280 million Skype users and 120 billion minutes of Skype calls during the quarter, up 58% YoY.

 

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