Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Microsoft Corporation : Microsoft 3Q Net Slips 2.4% As Entertainment Sales Fall

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/19/2012 | 10:29pm CEST

Microsoft Corp.'s (MSFT) fiscal third-quarter profit slid 2.4% from a year-earlier period that included a tax benefit as the software giant reported weaker sales in its entertainment business, though revenue increased in its other segments.

Microsoft shares jumped 2.6% to $31.82 in recent after-hours trading as both per-share earnings and revenue topped analyst expectations. The stock is up 19% since the start of the year.

Microsoft's continued strength in sales of its Office suite of products to corporate customers has helped cushion the company from the impact of slumping personal computer sales. Microsoft warned in January that a shortage of hard disk drives, a result of supply disruptions due to last year's flooding in Thailand, would again pressure PC shipments in the third quarter. Windows is the software powering most of the world's PCs.

However, Microsoft needs sales of its flagship products to remain robust as it transitions customers to cloud services and its forthcoming Windows 8 operating system.

The company has spent the past two years developing Windows 8, which will for the first time run on both desktop computers and tablet devices. The company is counting on Windows 8, expected to launch later this year, to dent the dominance of Apple Inc. (AAPL) and Google Inc. (GOOG) in the expanding consumer and mobile markets.

For the quarter ended March 31, Microsoft reported a profit of $5.11 billion, or 60 cents a share, down from $5.23 billion, or 61 cents a share, a year earlier. The year-earlier results included a 5-cent tax benefit related to an agreement with the U.S. Internal Revenue Service. Revenue jumped 6% to $17.41 billion.

Analysts surveyed by Thomson Reuters most recently predicted earnings of 57 cents a share on revenue of $17.18 billion.

Total operating expenses were up 2.9%.

Microsoft's Windows and Windows Live Division saw revenue increase 4% as profit rose 5.7%.

Revenue for the company's servers and tools products, which form the backbone of enterprise networks and private clouds, climbed 14% while the segment's profit advanced 29%.

At the business division, which earns most of its sales from Microsoft Office, sales were up 9.1% as profit improved 14%. Recent quarters have seen strong demand for the company's cloud-based Office 365 suite of office utilities and collaboration tools.

Sales at the entertainment-and-devices business, which houses the Xbox video game console, slumped 16% due to a soft gaming console market.

In online services, revenue was up 6%. Microsoft has invested heavily in the unit, launching a splashy advertising blitz last year to promote Bing, which is the second-most-popular search engine in the U.S. behind Google Inc. (GOOG), according to comScore Inc. (SCOR).

-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MICROSOFT CORPORATION
10:40p MICROSOFT : Flagship Microsoft Store planned for Regent Street in London
08:15p MICROSOFT : Unlock Windows Ink with the Bamboo Ink pen
08:15p MICROSOFT : CVP Brad Anderson on ConfigMgr at 25 years
07:36p THIS WEEK ON WINDOWS : Minecraft, Forza Motorsport 7 demo, Start screen tips
05:08p MICROSOFT : Productive Edge's Michael Zaletel Named Microsoft MVP
04:36p MICROSOFT : Xbox One X pre-orders are back (update)
04:35p Dell EMC, General Dynamics and Microsoft Awarded $1 Billion Contract to Advan..
04:35p MICROSOFT : Semperis to Demo Active Directory Protection Technology at Microsoft..
04:33p MICROSOFT : Leading IT vendors Microsoft, Symantec and Acronis all flying in to ..
02:51p MICROSOFT : Education Bridging the Digital Divide for Refugees in Malawi
More news
News from SeekingAlpha
10:02a Microsoft announces Ford AR expansion; new retail store coming to London?
07:53a BUYING STOCKS FOR A DIVIDEND GROWTH : Postscript A
09/20 Alphabet's Cloud Is A Game Changer
09/20 Microsoft Corporation - Recently Added To The FFJ Portfolio
09/20 Dell EMC, Microsoft announce $1B Air Force contract
Financials ($)
Sales 2018 104 B
EBIT 2018 30 694 M
Net income 2018 24 271 M
Finance 2018 56 058 M
Yield 2018 2,26%
P/E ratio 2018 23,95
P/E ratio 2019 21,51
EV / Sales 2018 5,00x
EV / Sales 2019 4,57x
Capitalization 577 B
Chart MICROSOFT CORPORATION
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | 4-Traders
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 80,0 $
Spread / Average Target 6,7%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Jean-Philippe Courtois President-Global Sales, Marketing & Operations
Amy E. Hood Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
MICROSOFT CORPORATION21.40%577 206
RED HAT INC53.95%18 986
HEXAGON22.55%16 926
MICRO FOCUS INTERNATIONAL PLC--.--%14 349
SYNOPSYS, INC.36.65%12 125
CITRIX SYSTEMS7.18%11 586