Microsoft fiscal Q2 revenue miss estimates thanks to Windows
By Rachel King | January 19, 2012, 1:24pm PST
Summary: The Windows and Windows Live Division was the only unit that declined from the previous quarter, posting a revenue of $4.74 billion, down 6 percent.
As the world waits for Windows 8, Microsoft is suffering as it fell just below Wall Street’s predictions for the second fiscal quarter.
Microsoft reported a second fiscal quarter net income of $6.62 billion, or 78 cents a share (statement). Non-GAAP earnings were 79 cents a share on a revenue of $20.89 billion — a 5 percent increase from the prior year.
Yet, Microsoft missed on the revenue mark. Wall Street was expecting Microsoft to report earnings of 76 cents a share on revenue of $20.93 billion.
See also: Microsoft’s second quarter: Hurry up and wait for Windows 8
In prepared remarks, CEO Steve Ballmer focused on what’s to come from Microsoft this year, asserting that will “accelerate many of our key products and services.”
Coming out of the Consumer Electronics Show, we’re seeing very positive reviews for our new phones and PCs, and a strong response to our new Metro style design that will unify consumer experiences across our phones, PCs, tablets, and television in 2012.
Microsoft fiscal Q2 revenue miss estimates thanks to Windows | ZDNet
