Microsoft (MSFT) Misses Q1 EPS Views as Consumers Wait on Windows Refresh
Tweet
Share
E-mail
Get Alerts MSFT Hot Sheet
Join SI Premium – FREE
Microsoft (Nasdaq: MSFT) shares are ticking lower Thursday afternoon following first-quarter results showing lower numbers all around.
GAAP revs were down 8 percent from last year to $16.01 billion, while GAAP operating income dropped 26 percent to $5.31 billion. EPS was 53 cents, a drop of 22 percent from last year. Non-GAAP EPS came in at a more robust 65 cents.
Overall, the Street was looking for revs of $16.42 billion and EPS of 56 cents.
Windows & Windows Live Division revs fell 33 percent, or 9 percent after adjustments. Online Services reported a 9 percent increase in revs, on a 15 percent increase in online ad revs.
The Server & Tools business reported $4.55 billion in first-quarter revenue, up 8 percent from the prior year period. Strong top-line growth in SQL Server and more than 20 percent growth in System Center revenue led the way.
Microsoft's net change in cash and equivalents was a negative $1.9 billion, from a positive $3.27 billion in the same period last year.
The company affirmed its FY13 outlook and availability of Windows 8 on October 26th. Shares are down about 3 percent in late trading.
GAAP revs were down 8 percent from last year to $16.01 billion, while GAAP operating income dropped 26 percent to $5.31 billion. EPS was 53 cents, a drop of 22 percent from last year. Non-GAAP EPS came in at a more robust 65 cents.
Overall, the Street was looking for revs of $16.42 billion and EPS of 56 cents.
Windows & Windows Live Division revs fell 33 percent, or 9 percent after adjustments. Online Services reported a 9 percent increase in revs, on a 15 percent increase in online ad revs.
The Server & Tools business reported $4.55 billion in first-quarter revenue, up 8 percent from the prior year period. Strong top-line growth in SQL Server and more than 20 percent growth in System Center revenue led the way.
Microsoft's net change in cash and equivalents was a negative $1.9 billion, from a positive $3.27 billion in the same period last year.
The company affirmed its FY13 outlook and availability of Windows 8 on October 26th. Shares are down about 3 percent in late trading.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
- Applied Materials (AMAT) Tops Q3 EPS by 10c, Offers Guidance
- Tvardi Therapeutics (TVRD) Tops Q2 EPS by 1c
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot ListSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
