Skip to comments.Microsoft’s third quarter earnings beat Wall Street expectations
Posted on 04/24/2014 3:04:30 PM PDT by SeekAndFind
For its fiscal third quarter, which ended March 31, Microsoft beat analysts expectations. The company posted earnings per share of 68 cents on revenue of $20.40 billion. It reported $5.66 billion in profit.
Analysts had expected Microsoft to report third-quarter revenue this year of about $20.38 billion, and earnings per share of 63 cents, with profit of $5.26 billion, according to a Bloomberg consensus estimate.
(Excerpt) Read more at blogs.seattletimes.com ...
These parts of the business performed the best:
* Hardware (Surface, Xbox and Xbox Live subscriptions, second- and third-party video games, and other hardware): $1.97 billion revenue, up 41 percent.
This category received a big boost from the launch of Xbox One consoles in November last year. Microsoft sold 1.2 million Xbox One consoles in the third quarter, and 800,000 Xbox 360 units.
Surface revenue grew 50 percent to about $500 million, Microsoft reported.
* Office 365 Home now has 4.4 million subscribers, up 1 million from last quarter.
* Office 365 revenue, as well as commercial seats, about doubled, while Azure revenue grew more than 150 percent.
As far as I know, Microsoft made no money off of me this fiscal year. Of course, I’m in my 70th orbit around the sun so I have to watch my money a bit more, nowadays.
This will make lots of iTrolls, XP curmudgeons, and Linux cultists really sad.
> The company also benefited from the end of support for its 13-year-old operating system, Windows XP, on April 8. Many companies upgraded computers en masse to make sure they’d continue to receive support from Microsoft, including anti-virus updates. That transition — which helped boost Windows revenue by 4 percent — helped Microsoft buck a 2-4 percent decline in shipments in the quarter as estimated by market research firms Gartner and IDC.
Office 365 is good, but they’ve got to get rid of Windows 8 or 8.1. I’ve heard there’s a new “major update” coming out soon, and then there will be a Win 9. I sure hope so, because if they don’t change this, their results will be a lot different next year as people migrate to other systems.
I migrated from Win7 to Win8.1 ~ 6 months ago - and Win8.1 is far faster and more stable. Win8.1 boots almost instantly vs Win7’s “slow boat from China”.
Besides, Apple's iPhone product alone produced 28% more revenue than ALL of Microsoft with only a 25% lower net profit margin.
AND, $21 Billion, Apple returned value to their investors by half a BILLION DOLLARS more than Microsoft SOLD in all of last quarter.
So why should we be sad, VanDeKoik?