Microsoft (MSFT) Misses Q1 EPS Views as Consumers Wait on Windows Refresh
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.