Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
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
09:43p SATYA NADELLA : Microsoft's Nadella banks on LinkedIn data to challenge Salesfor..
09:43p Microsoft's Nadella banks on LinkedIn data to challenge Salesforce
09:39p MICROSOFT : Makers of app for the color blind wins top Microsoft award
09:38p MICROSOFT : makes Windows 10 Creators Update available in PH
07:46p MICROSOFT : thyssenkrupp transforms its home mobility solutions business with Mi..
07:12p Function-as-a-Service Market - Detailed Analysis and Forecast by 2025
06:46p MICROSOFT : Save up to $200 off new devices with Microsoft Store graduation deal..
06:31p NEW TO OFFICE 365 IN APRIL : Outlook Customer Manager, Microsoft To-Do in Previe..
05:13p MICROSOFT : Deccan Chronicle - New task manager for Windows, iOS, and Android, r..
04:51p MICROSOFT : New Dynamics 365 solutions and LinkedIn integrations drive digital t..
More news
Sector news : Software - NEC
09:43p Microsoft's Nadella banks on LinkedIn data to challenge Salesforce
01:02pDJSAP : 1Q 2017 -- Forecast Update
04/21 French stocks slip in flat European market as vote nears
04/20DJAdd-Ons' Push Up Game Revenue -- WSJ
04/19DJVIDEOGAME 'ADD ONS' : Billion-Dollar Business and Two-Edged Sword
More sector news : Software - NEC
News from SeekingAlpha
02:55p MICROSOFT : An Office Education
10:46a 3% Dividend Yield Is Great, But What Else Do You Need?
10:33a Microsoft using LinkedIn data to challenge in sales software
08:07a CISCO SYSTEMS : An Undervalued Cash Flow Machine
07:31a Game Plan For The Week - Cramer's Mad Money (4/21/17)
Financials ($)
Sales 2017 96 605 M
EBIT 2017 28 551 M
Net income 2017 19 005 M
Finance 2017 32 379 M
Yield 2017 2,31%
P/E ratio 2017 26,99
P/E ratio 2018 21,81
EV / Sales 2017 4,98x
EV / Sales 2018 4,50x
Capitalization 513 108 M
More Financials
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | 4-Traders
Full-screen chart
Technical analysis trends MICROSOFT CORPORA...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 69,5 $
Spread / Average Target 4,7%
Consensus details
EPS Revisions
More Estimates Revisions
Satya Nadella CEO & 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RED HAT INC24.85%15 515
HEXAGON AB9.71%13 714
CITRIX SYSTEMS, INC.16.84%12 991
SYNOPSYS, INC.23.34%10 926
More Results