Microsoft Reports Q3 Revenue, Keeps Windows 8 Sales a Mystery
Oh Microsoft, why must you be so coy? The Redmond software giant announced financial results for its fiscal third quarter, noting record revenue of $20.49 billion on operating income of $7.61 billion, net income of $6.06 billion, and diluted earnings per share of $0.72 per share, but once again opted to keep quiet regarding Windows 8 sales.
Regardless of Windows 8, Microsoft has reason to be happy with its performance, especially with PC sales in a slump as consumer interest transitions to mobile devices like smartphones and tablets.
“The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox Live, and Skype," said Steve Ballmer, chief executive officer at Microsoft. "While there is still work to do, we are optimistic that the bets we’ve made on Windows devices position us well for the long-term."
Interestingly, Microsoft's Windows Division posted revenue of $5.7 billion, up 23 percent over the same period a year ago. Adjusted for the recognition of revenue related to the Windows Upgrade Offer, Windows Division non-GAAP revenue was flat, Microsoft said.
Microsoft also announced that CFO Peter Klein plans to resign at the end of the fiscal year. Klein served nearly four years in his role as CFO and 11 years overall at Microsoft. The company intends to name a replacement from its finance leadership team in the next several weeks.
Regardless of Windows 8, Microsoft has reason to be happy with its performance, especially with PC sales in a slump as consumer interest transitions to mobile devices like smartphones and tablets.
“The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox Live, and Skype," said Steve Ballmer, chief executive officer at Microsoft. "While there is still work to do, we are optimistic that the bets we’ve made on Windows devices position us well for the long-term."
Interestingly, Microsoft's Windows Division posted revenue of $5.7 billion, up 23 percent over the same period a year ago. Adjusted for the recognition of revenue related to the Windows Upgrade Offer, Windows Division non-GAAP revenue was flat, Microsoft said.
Microsoft also announced that CFO Peter Klein plans to resign at the end of the fiscal year. Klein served nearly four years in his role as CFO and 11 years overall at Microsoft. The company intends to name a replacement from its finance leadership team in the next several weeks.
