Microsoft (MSFT) Ekes Out Q2 EPS Beat on Gaming as PC Sales Slow
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Price: $399.04 -2.45%
Revenue Growth %: +17.0%
Financial Fact:
General and administrative: 1.05B
Today's EPS Names:
FRSB, DGICA, UXIN, More
Revenue Growth %: +17.0%
Financial Fact:
General and administrative: 1.05B
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Shares of Microsoft (Nasdaq: MSFT) are higher in after-hours trading Thursday following a second-quarter report which saw a beat on the bottom but sales which came in lighter than expected.
Revenue increased 4.7 percent from $19.953 billion in the year-ago quarter to $20.885 billion.
Net income for Microsoft moved slightly lower to $6.624 billion, with earnings of 78 cents per share.
Results compared with Wall Street views calling for revs of $20.93 billion and earnings of 76 cents per share.
Microsft Windows 7 licenses increased about 75 million in the quarter to 525 million globally, but overall revs for the division declined 6.3 percent to $4.736 billion. Sales to Microsoft's Business Division saw a 2.8 percent increase to $6.279 billion.
The Entertainment & Devices Division posted revenue of $4.24 billion, an increase of 15 percent from the prior period. The Xbox 360 installed base now totals approximately 66 million consoles and 18 million Kinect sensors. Xbox LIVE now has 40 million members worldwide, an increase of 33 percent from the prior year period.
"In addition to the continued strength of our commercial business, this holiday season was the strongest in Microsoft history, thanks to good sales execution and compelling products like Xbox 360 and Kinect," COO Kevin Turner commented. "We are seeing a lot of excitement for new devices, from Windows 7 Ultrabooks to new Windows Phones, as well as growing anticipation for Windows 8."
Looking ahead, Microsoft sees less operating expenses of $28.5 billion.
Microsoft shares are up 2 percent at last check.
Revenue increased 4.7 percent from $19.953 billion in the year-ago quarter to $20.885 billion.
Net income for Microsoft moved slightly lower to $6.624 billion, with earnings of 78 cents per share.
Results compared with Wall Street views calling for revs of $20.93 billion and earnings of 76 cents per share.
Microsft Windows 7 licenses increased about 75 million in the quarter to 525 million globally, but overall revs for the division declined 6.3 percent to $4.736 billion. Sales to Microsoft's Business Division saw a 2.8 percent increase to $6.279 billion.
The Entertainment & Devices Division posted revenue of $4.24 billion, an increase of 15 percent from the prior period. The Xbox 360 installed base now totals approximately 66 million consoles and 18 million Kinect sensors. Xbox LIVE now has 40 million members worldwide, an increase of 33 percent from the prior year period.
"In addition to the continued strength of our commercial business, this holiday season was the strongest in Microsoft history, thanks to good sales execution and compelling products like Xbox 360 and Kinect," COO Kevin Turner commented. "We are seeing a lot of excitement for new devices, from Windows 7 Ultrabooks to new Windows Phones, as well as growing anticipation for Windows 8."
Looking ahead, Microsoft sees less operating expenses of $28.5 billion.
Microsoft shares are up 2 percent at last check.
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