Posted on 01/29/2014 7:09:57 PM PST by SeekAndFind
Microsoft Corp. reported revenue and earnings for its fiscal second quarter that topped Wall Street expectations, as the company sold 3.9 million Xbox One consoles to retailers and doubled revenue from its line of Surface tablets from a quarter earlier.
Net income in the quarter through December climbed to $6.56 billion US, or 78 cents per share, from $6.38 billion, or 76 cents per share, a year ago.
Revenue rose 14 per cent to $24.52 billion.
Analysts polled by FactSet expected earnings of 68 cents per share on revenue of $23.67 billion.
Departing CEO Steve Ballmer, who announced he’d step down by August, said in a statement the Redmond, Wash.-based company’s devices and consumer segment had a “great holiday quarter.” A new CEO is expected to be announced soon.
Surface revenue rose to $893 million in the quarter, up from $400 million in the three months through September, as the company benefited from a summertime price cut to its first-generation models, unveiled the Surface 2 and expanded the number of places it is sold at retail.
(Excerpt) Read more at vancouversun.com ...
IMHO, What Microsoft really should focus on is its commercial licensing on the Enterprise side instead of on the Consumer side.
According to InfoWorld:
Commercial revenue grew 10 percent to $12.67 billion, helped by strong software licensing sales growth of SQL Server, System Center and of enterprise cloud computing products, like Office 365, Azure services and Dynamics CRM Online.
System Center and SQL Server sales each grew by double digits, and revenue from Windows licenses sold in volume to enterprises grew 10 percent.
AMEN. Microsoft can continue to rule in the enterprise, and if they manage to undo the damage done by trying to twist everyone's arm with Windows 8, they'll recover nicely.
In the consumer area, they should stop trying to be Apple, and either buy a clue about how to have vision, or get the hell out of it. They don't need the consumer market, and the more they screw up in it, the more their enterprise customers look at them oddly and wonder what the hell is wrong with them.
Good riddance, Ballmer. You were a great salesman, but you've got the vision of a mole. A perfect example of the Peter Principle -- he rose to his level of incompetence, and damn near killed the company he loved.
The XB1 is on my “to buy” list, once I can find one used or there’s a price drop.
I have applied to be the CEO of Microsoft. Seems that nobody else wants the job. Wish me luck. I have big plans should I be appointed.
And wait for more games.....
I am going to buy one..eventually..once they fix the bugs with the system and there are MANY..such as the wait time for updates to be installed..and how the controller doesn’t have a battery indicator..supposedly an update will be coming out before Titanfall, once that is out I will get one.
Other than consumer software (mostly windows 8) they have done great..even the maligned surface tablets are profitable.
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