Google Prints Money, Over $14 Billion Earned In Q2 as Microsoft Reports Shy of $5B with $900 Million Write Down on Surface
Of course, it still made many billions this quarter, but the long, long-term view for Microsoft is perhaps a scary one. The company's CFO admits that the PC business as a whole is declining, so it's looking to cloud and enterprise sectors to make up the difference, as well as entertainment (Xbox One, namely). The company also showcased operating expense guidance downward to $31.3 billion to $31.9 billion for the full fiscal year ending June 30, 2014, which isn't apt to please investors who are constantly looking for growth, even from the ether.
Google, on the other hand, saw its revenue increase 19% year-over-year to $14 billion in the quarter. GAAP net income including net income from discontinued operations in the second quarter of 2013 was $3.23 billion, compared to $2.79 billion in the second quarter of 2012. Google-owned sites generated revenues of $8.87 billion, or 68% of total Google revenues, in the second quarter of 2013. This represents an 18% increase over second quarter 2012 Google sites revenues of $7.54 billion.
Of course, Google's core businesses are all much newer than Microsoft's core businesses, so the company sees a bright future trend while many suspect that the peak of Microsoft's earning days may have already happened. We'll be interested to see what happens next quarter; with the holidays impending, things always seem to get interesting in the turn to the November / December home stretch.