Microsoft profits fall to lower sales of PCs
Microsoft released its Results for the third quarter of the year – at the right time – revealing revenues of USD $16,010 million and $4,470 million in revenue, returning to positive territory after release its first loss in history the quarter past .
Although it is a step forward, the company is below USD $5,740 million earned in the same quarter last year. Anyway, it is a difficult time for Microsoft, since many customers may be delaying their purchases waiting for the launch of Windows 8 and Windows Phone 8 later this month.
sales fell 8% to a total of USD $16,010 million, due to a fall in demand for PCs with Windows due to the economic crisis, coupled with the upcoming release of the operating system. Splitting Windows and Windows Live revenue generated USD $ 3,240 million, 33% less than what was achieved in the same quarter last year.
“The launch of Windows 8 is the beginning of a new era for Microsoft . The investments we have made in many years are now coming together to create a future of exceptional services and devices, with tremendous opportunities for our customers, developers and partners, “said company CEO, Steve Ballmer, in a statement.
Link: Q1 FY13 Earnings Release (Microsoft)Tags: earnings, Microsoft, Results, sales, Windows 8